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    Ely, MN
    Storefront

    Ely, MN Storefront Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN
    Mixed-Use Property with Apartment
    Updated: Jul 13
    Mixed-Use Property with Apartment

    133 E Chapman Street, Ely, MN 55731

    $230,000
    Open main‑level layout for retail, professional office, boutique, or studio use
    One‑bedroom apartment on the upper level
    Separate rear entrance for the residential unit
    Rooftop deck included
    Off‑street parking
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    Mixed-Use Property with Apartments
    Updated: Jul 19
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $189,000
    3,000+ square foot mixed‑use building with commercial space and two rentable 1‑bedroom apartments
    Commercial area can be separated into two distinct units
    Four large display windows face the business corridor
    Approximately 7,700 vehicles per day on Sheridan Street
    Zoned com
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    Historic Corner Storefront
    Historic Corner Storefront

    145 E Chapman St, Ely, MN 55731

    $240,000

    Downtown commercial building with flexible leasing areas, central air, and updated major building systems.

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    See hot listings in Ely

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Freestanding Mixed-Use Building
    Freestanding Mixed-Use Building

    401 E Sheridan St, Ely, MN 55731

    $395,000
    4,820 sqft

    Freestanding building with operational ground-floor retail and an upstairs four-bedroom apartment with private deck and detached garage.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    120 E Sheridan St, Ely, MN 55731

    $219,000
    2,994 sqft

    Retail frontage offers four display windows, off-street parking, and additional residential income potential.

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    5 active listings match your search: Storefront for sale in Ely, MN. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

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

    Nordic-Inspired Retail Space
    Nordic-Inspired Retail Space

    303 Main St, Tower, MN 55790

    $250,000
    2,400 sqft

    Retail setting with Scandinavian-inspired interiors and home furnishings, rugs, decor, and gifts.

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    Nordic-Inspired Retail Storefront
    Nordic-Inspired Retail Storefront

    303 Main Street, Tower, MN 55790

    $250,000

    Wood-frame commercial property with central air, forced-air heat, and a 1930 construction date.

    View details
    Drug Store at Signalized Corner
    Drug Store at Signalized Corner

    202 South 2nd Avenue, Virginia, MN 55792

    $1,259,914

    Signalized intersection positioning provides direct access and consistent drive-by exposure.

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    Four-Story Mixed-Use Building
    Four-Story Mixed-Use Building

    214 N 2nd Ave, Virginia, MN 55792

    $400,000

    Downtown Virginia property with a separate garage/storage building and four floors of interior space.

    View details

    Ely, MN Storefront Properties Market Trends and Statistics

    Explore 5 storefront properties for sale in Ely, MN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,814 square feet of properties for sale, with an estimated market value of $1,273,000.

    Sale prices for retail units in Ely, MN start at $189,000, averaging $254,600, and reaching up to $395,000 — 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

    Storefront properties 5

    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 $260.6K

    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)

    How Realmo verifies these figures

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    Featured Ely Real Estate Agencies

    Realmo connects you with licensed Ely CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Bear Island Realty, LLC
    943 E Sheridan St Ely, MN
    Phone: (218) 365-2800
    Wildwoods Land Company
    1325 E Sheridan St Ely, MN
    Phone: (218) 365-3665
    www.elywildwoods.com
    Canoe Capital Realty LLC
    203 E. Sheridan St Ely, MN 55731
    Phone: (218) 235-1084
    elycanoecapitalrealty.com/
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