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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Boat Storage Marina Property
    Updated: Jul 12
    Boat Storage Marina Property

    2331 Old Hwy 169, Ely, MN 55731

    $459,000
    11.5‑acre MU‑5 mixed‑use property near Ely
    4,920 SF storage building with 17‑foot‑high double doors at each end
    Indoor storage for 14 boats plus outdoor storage for 50+ boats
    Current capacity includes 128 boats shrink‑wrapped on or off site
    One‑bedroom house and one‑bedroom upstairs apartment, both year‑round
    View details
    Boat Storage and Service Property
    Updated: Jul 13, 2025
    Boat Storage and Service Property

    2331 Old Highway 169, Ely, MN 55731

    $459,000
    11.50 AC lot
    11.5 acres at the corner of Highway 169 and Grant McMahan, about 5 miles south of Ely
    4,920‑square‑foot storage building with 17‑foot‑high double doors at each end
    Indoor storage for 14 boats; more than 50 boats stored outdoors
    Upstairs year‑round 1‑bedroom apartment and separate year‑round 1‑bedroom house
    Business includes 2 pontoon rentals and boat storage, retrieval, winterization, and launch services
    View details
    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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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    Flex Property with Loading Docks
    Flex Property with Loading Docks

    707 N 6th Avenue, Virginia, MN 55792

    $150,000
    880 sqft

    Heated retail and warehouse areas create a flexible in-town commercial configuration.

    View details
    Flex Space with Seven Service Bays
    Flex Space with Seven Service Bays

    6950 Hwy 169, Virginia, MN 55792

    $389,000

    Steel-frame commercial facility with shop infrastructure, office support space, and a detached truck-wash building.

    View details
    Insulated Warehouse with Heavy Power
    Insulated Warehouse with Heavy Power

    2374 Peat Plant Rd, Eveleth, MN 55734

    Contact for pricing
    7,488 sqft

    The property combines finished interior space with heavy electrical service and large overhead doors.

    View details
    Manufacturing Facility with Cold Storage
    Manufacturing Facility with Cold Storage

    4097 Hwy 53, Eveleth, MN 55734

    $1,500,000

    Industrial improvements offer production, warehouse, office, and refrigerated storage capabilities with municipal sewer and a private well.

    View details

    Ely, MN Warehouses Market Trends and Statistics

    Explore 2 warehouses for sale in Ely, MN on our real estate platform.

    Sale prices for warehouse buildings in Ely, MN average $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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    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 $459K

    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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