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    Ely, MN
    Short Term Rental

    Ely, MN Short Term Rental Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Multi-Building Commercial Property
    Updated: Jul 4
    Multi-Building Commercial Property

    429 E Sheridan St, Ely, MN 55731

    $219,000
    1,362 sqft
    Property with 3 separate buildings: main kit log structure, guest house, and workshop
    Main building features a covered 8' x 22' front porch, loft space, and generous storage for retail, office, or other business use
    Recent main building updates include newer flooring, LP heating, blinds, metal roof, exterior stain, and fencing
    Guest house sleeps up to 8 guests with custom‑built bunk beds and includes a fully equipped kitchen and 3/4 bath
    Guest house improvements include updated electrical, newer cove electric heat, and newly insulated tongue‑and‑groove wood walls
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    This listing looks promising.

    Here's a quick look at some key insights for

    429 E Sheridan St, Ely, MN

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $19K
      Annual

    • Mortgage

      $65K
      Jul 2016

    • Last Sold

      Jul 2016
      $85K

    • Property Type

      Commercial (General)
      Built 1997
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Investment Opportunity in Baldwin
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    $1,500,000
    4,108 sqft 3.14 AC lot

    3.14 acres with Airbnb, retail, event center, and land.

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    Historic Short-Term Rental Property
    Historic Short-Term Rental Property

    400 Silver Street, Ironwood, MI 49938

    $199,000
    2,862 sqft 0.15 AC lot

    Updated historic building with 7 bedrooms, multiple living areas, original tin details, and a fenced outdoor area.

    View details
    Historic Office and Loft Building
    Historic Office and Loft Building

    216 AURORA ST E, Ironwood, MI 49938

    $549,900
    0.13 AC lot

    Renovated multi-use office space with a second-level loft apartment and separate entry, plus drive-in garage and basement access.

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    Versatile Mixed-Use Investment Opportunity
    Versatile Mixed-Use Investment Opportunity

    1813 11th Ave, Baldwin, WI 54002

    $1,500,000
    4,500 sqft 3.14 AC lot

    Six parcels totaling 3.14 acres with diverse potential.

    View details

    Ely, MN Short Term Rental Properties Market Trends and Statistics

    Explore 1 short term rental properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 1,362 square feet of properties for sale, with an estimated market value of $219,000.

    Sale prices for short term rental properties in Ely, MN start at $219,000, averaging $219,000, and reaching up to $219,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 3
    Apartment buildings 1
    Short term rental properties 1

    Demographics Overview

    Population 5,292
    Population Growth (5Y) -10.5%
    Median Household Income $62,900
    College Educated 54.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

    Retail

    Office

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