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    Ely, MN
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    Ely, MN Storefront Properties for Sale

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    Isabella, MN Babbitt, MN Soudan, MN Tower, MN Embarrass, MN
    Historic Corner Storefront
    Updated: Jul 10
    Historic Corner Storefront

    145 E Chapman St, Ely, MN 55731

    $240,000
    5,000‑square‑foot commercial building constructed in 1920
    Four separate leasing areas across the building
    Corner location in downtown Ely
    New roof completed in 2023
    New fuel oil boiler installed in 2021
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    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
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000

    Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.

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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.

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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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    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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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 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.

    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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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    127 1st St S, Virginia, MN 55792

    $125,000
    7,300 sqft

    Combined commercial and residential space supports business operations alongside on-site apartment living.

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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.

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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.

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    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 $1,303,000.

    Sale prices for retail units in Ely, MN start at $219,000, averaging $260,600, 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 $277K

    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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