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Ely, MN

Specialty

Ely, MN Specialty Properties for Sale

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Isabella, MN Babbitt, MN Tower, MN

Ely, MN Commercial Opportunity

Updated: Jul 13, 2025

Ely, MN Commercial Opportunity

2331 Old Hwy 169, Ely, MN 55731

$498,500

4,920 sqft · 11.50 AC lot

11.5‑acre property on paved road with visibility from the corner of Hwy 169 & Grant McMahan, about 5 miles from Ely
4,920 SF storage building with 17‑ft high double doors on each end, plus office with laundry and bath
Indoor boat storage for 14 boats, with 50+ boats stored outside and room for additional storage buildings
On‑site living and rental: 1 bed/1 bath year‑round house and a 1 bed/1 bath upstairs year‑round apt
Business setup includes repeat 6–7 month storage contracts covering retrieval from lake, motor winterization, spring launch, plus tune‑ups/rigging

Established Ice Business Opportunity

Updated: Sep 9, 2025

Established Ice Business Opportunity

442 N 15th Ave E, Ely, MN 55731

$349,000

0.16 AC lot

Established business with existing client base.
Includes real estate in Ely, Minnesota.
Complete ice‑making and delivery equipment included (freezers, ice bins, delivery vehicle, etc.).
Located in the Boundary Waters Canoe Area.
Includes walk‑in freezers.

Established Ice Business Opportunity

Established Ice Business Opportunity

442 N 15th Ave E, Ely, MN 55731

$349,000

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

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 42 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Versatile Commercial Building in Buhl

Versatile Commercial Building in Buhl

703 Seville Ave, Buhl, MN 55713

$349,000

3,500 sqft · 1.00 AC lot

3500 SF building with highway frontage and multiple possibilities.

Church Facility with Stained Glass

Church Facility with Stained Glass

320 Pennsylvania Ave, Buhl, MN 55713

$75,000

Well-maintained church property with a sanctuary, offices, meeting and fellowship space, and a balcony for additional use.

RV Resort Lot with Boat Slip

RV Resort Lot with Boat Slip

TBD 24 Lake Ave S, Tower, MN 55790

$54,900

0.05 AC lot

Co-op lot at Tower R.V. Resort with utilities, 50-amp power, and a boat slip on the local waterway.

RV Resort Lot with Boat Slip Access

RV Resort Lot with Boat Slip Access

TBD 13 Lake Ave S, Tower, MN 55790

$49,900

0.05 AC lot

Lot #13 at Tower RV Resort includes city sewer and water, plus a 50-amp hookup and boat slip access on Lake Vermillion.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Rainy Lake Shoreline Property

Rainy Lake Shoreline Property

County Road 94, International Falls, MN 56649

$225,000

0.20 AC lot

Protected boat landing with docks and boathouse on Rainy Lake.

Recreation Land Parcel for Flexible Use

Recreation Land Parcel for Flexible Use

Tract B County Road 30, Aitkin, MN 56431

$79,900

5.50 AC lot

Build a primary home or recreational getaway on a flexible parcel with no covenants or restrictions.

Recreation Land Development Parcel

Recreation Land Development Parcel

Tract E County Road 30, Aitkin, MN 56431

$84,900

3.80 AC lot

Flexible, no-covenant land suited for a home or recreational use near Cuyuna Lakes trail access and public waters.

Recreation Land Parcel

Recreation Land Parcel

Tract D County Road 30, Aitkin, MN 56431

$94,900

4.10 AC lot

Build a primary home or getaway on a flexible parcel with no covenants or restrictions near outdoor recreation access.

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.

CHARITABLE ORGANIZATION

33 Chapman St, Ely, MN 55731-1227

Value Estimation by Request

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

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

420 sqft · 80.00 AC lot

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

700 sqft · 1.00 AC lot

CHARITABLE ORGANIZATION

15 Conan St, Ely, MN 55731-1233

Value Estimation by Request

2,027 sqft

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

145.20 AC lot

1759 Bradach Rd

CHARITABLE ORGANIZATION

1759 Bradach Rd, Ely, MN 55731-8041

Value Estimation by Request

342 sqft

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

707 sqft · 1.08 AC lot

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

1.15 AC lot

CHARITABLE ORGANIZATION

106 Wilson St, Ely, MN 55731-1362

Value Estimation by Request

1,581 sqft

CHARITABLE ORGANIZATION

Ely, MN 55731

Value Estimation by Request

180 sqft · 0.49 AC lot

3590 Cloquet Line

COLLEGE, UNIVERSITY, VOC SCHOOL

3590 Cloquet Line, Ely, MN 55731

Value Estimation by Request

40.00 AC lot

COLLEGE, UNIVERSITY, VOC SCHOOL

Ely, MN 55731

Value Estimation by Request

40.00 AC lot

COLLEGE, UNIVERSITY, VOC SCHOOL

Ely, MN 55731

Value Estimation by Request

40.00 AC lot

CHARITABLE ORGANIZATION

1926 Hwy 169, Ely, MN 55731-8130

$2,580,000

Estimated value

20,000 sqft · 38.90 AC lot

CHARITABLE ORGANIZATION

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

Value Estimation by Request

CHARITABLE ORGANIZATION

1140 Main St, Ely, MN 55731-1703

Value Estimation by Request

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

Value Estimation by Request

384 sqft

14790 Moose Lk Rd

CHARITABLE ORGANIZATION

14790 Moose Lk Rd, Ely, MN 55731-8291

Value Estimation by Request

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 4,920 square feet of properties for sale, with an estimated market value of $498,500.

Sale prices for properties in Ely, MN start at $498,500, averaging $498,500, and reaching up to $498,500 — 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	$398.8K

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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55731