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    Ely, MN Storefront Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN
    Historic Commercial Building in Ely, MN
    $300,000
    5,000 SF
    Historic Commercial Building in Ely, MN

    145 E Chapman St, Ely, MN 55731

    5000 sq ft commercial building in downtown Ely for sale.
    • Prime downtown Ely location on a high visibility corner lot.
    • Leased main floor space provides immediate income until April 2027.
    • Substantial recent updates including a new roof (2023) and fuel oil boiler (2021).
    • Historic building (built in 1920) with original tin ceilings and wood floors in the leased space.
    • 5000 sq ft commercial building with 4 separate leasing areas.
    Updated: May 13
    View details
    Ely Commercial and Income Property
    $275,000
    3,000 SF
    Ely Commercial and Income Property

    120 E Sheridan Street, Ely, MN 55731

    Commercial building with dual rental income potential in Ely, MN.
    • Prime location on Sheridan Street with high traffic exposure.
    • Dual income potential from commercial space and two rentable 1‑bedroom apartments.
    • 3,000+ sq ft commercial building with four large display windows, ideal for retail.
    • Potential to divide retail space into two separate units.
    • Located in a tourism‑rich area near the Boundary Waters.
    Updated: Mar 27
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Retail Property with Highway Frontage
    $524,900
    4,800 SF
    Retail Property with Highway Frontage

    Retail/commercial property on Highway 61 with strong visibility and lake views, suitable for multiple business concepts.

    1329 Highway 61, Two Harbors, MN 55616

    View details
    Highway 53 Commercial Location
    $399,000
    11,376 SF
    Highway 53 Commercial Location

    Commercial property on Highway 53 with city utilities.

    10 S Hwy 53, Cook, MN 55723

    View details
    Retail/Commercial Property on Highway
    $524,900
    4,800 SF
    Retail/Commercial Property on Highway

    High-visibility retail space on Highway 61 with strong daily traffic and Lake Superior views in Two Harbors’ Highway Business District.

    1329 Highway 61, Two Harbors, MN 55616

    View details
    Highway 53 Commercial Location
    $399,000
    11,376 SF
    Highway 53 Commercial Location

    Commercial property on Highway 53 with city water and sewer.

    10 S Highway 53, Cook, MN 55723

    View details

    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.

    Commercial Land with Three-Side Access
    $87,500
    0.34 Acres
    Commercial Land with Three-Side Access

    Level commercial lot zoned C2, with access on three sides and strong traffic visibility for retail or service development.

    2802 E 2nd St, Superior, WI 54880

    View details
    Commercial Lot in Minong, WI
    Contact for pricing
    0.11 Acres
    Commercial Lot in Minong, WI

    Commercial lot in high-traffic area with available utilities.

    317 W 5th Avenue, Minong, WI 54859

    View details
    Commercial Building in Hayward, WI
    $295,000
    2,472 SF
    Commercial Building in Hayward, WI

    Commercial building with office, bathroom, loft, and large lot.

    10709 Minnie Avenue, Hayward, WI 54843

    View details
    Hinckley Commercial Property For Sale
    $1,500,000
    0.85 Acres
    Hinckley Commercial Property For Sale

    Commercial property off I-35, halfway between Twin Cities and Duluth.

    327 Fire Monument Road, Hinckley, MN 55037

    View details

    Ely, MN Storefront Properties Market Trends and Statistics

    Explore 2 storefront properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 8,000 square feet of properties for sale, with an estimated market value of $575,000.

    Sale prices for retail units in Ely, MN start at $275,000, averaging $287,500, and reaching up to $300,000 — 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

    Automotive properties 2
    Storefront properties 2

    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 $287.5K

    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)

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