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Ely, MN

Specialty

Ely, MN Specialty Properties for Sale

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Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN

Marina with Boat Storage and Rentals

Updated: Jul 12

Marina with Boat Storage and Rentals

2331 Old Hwy 169, Ely, MN 55731

$459,000

MU‑5 zoned marina site on paved road
4,920 SF storage building with 17‑ft high double doors on each end
Indoor storage for 14 boats plus indoor storage support for year‑round living
Outside storage for 50+ boats on or off site, with room for additional storage
Year‑round 1 bed/1 bath house with screen porch potential for second BR

Natural Log Corner Retail Building

Updated: Mar 19

Natural Log Corner Retail Building

1600 E Sheridan St, Ely, MN 55731

$450,000

1,353 sqft

Natural log commercial building on a prominent corner lot at Sheridan Street & Highway 1 in Ely, MN
Adjacent to the local grocery store, a high‑traffic anchor in town
Approximately one acre of commercially zoned land with room to expand
Distinctive log building with an authentic Northwoods style

Established Ice Business Opportunity

Established Ice Business Opportunity

442 N 15th Ave E, Ely, MN 55731

$349,000

0.16 AC lot

Well-established ice business with real estate and equipment included.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 38 Potential Opportunities for your consideration. Besides 3 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 31 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Church Building with Classrooms

Church Building with Classrooms

32 Church St, Soudan, MN

$150,000

5,046 sqft

Well-maintained church building with sanctuary, classrooms, office space, and a full lower level, plus two on-site storage buildings.

Church Building with Sanctuary and Choir Loft

Church Building with Sanctuary and Choir Loft

32 Church Street, Soudan, MN 55782

$150,000

Well-maintained church property zoned RES12 with sanctuary, classrooms, offices, and a full lower level.

Sports Facility with Indoor Pool

Sports Facility with Indoor Pool

200 Wanless Street, Buhl, MN 55713

Contact for pricing

180,000 sqft

Former school and youth facility featuring indoor gyms, an indoor pool, tennis courts, and a football field.

Historic Church with Balcony

Historic Church with Balcony

320 Pennsylvania Ave, Buhl, MN 55713

$69,900

Historic sanctuary property with stained-glass windows, fellowship areas, kitchen space, and office and storage areas.

Off-Market Properties in Ely, MN

Consider similar Off-Market properties in Ely, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

33 Chapman St

CHARITABLE ORGANIZATION

33 Chapman St, Ely, MN 55731-1227

$155,000

Estimated value

1,849 sqft

3373 Cloquet Line

CHARITABLE ORGANIZATION

3373 Cloquet Line, Ely, MN 55731

$800,000

Estimated value

5,400 sqft 15.70 AC lot

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$295,000

Estimated value

420 sqft 80.00 AC lot

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$55,000

Estimated value

700 sqft 1.00 AC lot

15 Conan St

CHARITABLE ORGANIZATION

15 Conan St, Ely, MN 55731-1233

$70,000

Estimated value

2,027 sqft

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$220,000

Estimated value

145.20 AC lot

1759 Bradach Rd

CHARITABLE ORGANIZATION

1759 Bradach Rd, Ely, MN 55731-8041

$65,000

Estimated value

342 sqft

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$75,000

Estimated value

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$45,000

Estimated value

707 sqft 1.08 AC lot

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$255,000

Estimated value

1.15 AC lot

106 Wilson St

CHARITABLE ORGANIZATION

106 Wilson St, Ely, MN 55731-1362

$295,000

Estimated value

1,581 sqft

Ely, MN 55731

CHARITABLE ORGANIZATION

Ely, MN 55731

$245,000

Estimated value

180 sqft 0.49 AC lot

3590 Cloquet Line

COLLEGE, UNIVERSITY, VOC SCHOOL

3590 Cloquet Line, Ely, MN 55731

$250,000

Estimated value

40.00 AC lot

Ely, MN 55731

COLLEGE, UNIVERSITY, VOC SCHOOL

Ely, MN 55731

$260,000

Estimated value

40.00 AC lot

Ely, MN 55731

COLLEGE, UNIVERSITY, VOC SCHOOL

Ely, MN 55731

$260,000

Estimated value

40.00 AC lot

1926 Hwy 169

CHARITABLE ORGANIZATION

1926 Hwy 169, Ely, MN 55731-8130

$2,580,000

Estimated value

20,000 sqft 38.90 AC lot

25 3rd W Ave

CHARITABLE ORGANIZATION

25 3rd W Ave, Ely, MN 55731-1113

Value Estimation by Request

1140 Main St

CHARITABLE ORGANIZATION

1140 Main St, Ely, MN 55731-1703

$300,000

Estimated value

4,588 sqft

342 Sheridan St

Specialty properties

342 Sheridan St, Ely, MN 55731

Value Estimation by Request

2,240 sqft

3117 Van Vac Rd

CHARITABLE ORGANIZATION

3117 Van Vac Rd, Ely, MN 55731-8438

$70,000

Estimated value

384 sqft

14790 Moose Lk Rd

CHARITABLE ORGANIZATION

14790 Moose Lk Rd, Ely, MN 55731-8291

$225,000

Estimated value

8.00 AC lot

Ely, MN Specialty Properties Market Trends and Statistics

Explore 34 specialty properties for sale in Ely, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,353 square feet of properties for sale, with an estimated market value of $1,258,000.

Sale prices for properties in Ely, MN start at $349,000, averaging $419,333, and reaching up to $459,000 — 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

Demographics Overview

Population 5,292

Population Growth (5Y) -10.5%

Median Household Income $62,900

College Educated 54.0%

High-Yield Neighborhoods for Investment

Identify Ely submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
55731	$429.5K

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

Office

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