ADDITIONAL INFORMATION

Commercial building in downtown Ely. Two levels for a total of 6,900 square feet with each level having 3,450 square feet. The main level features 2 private rooms with tile floors, a huge open space with tile flooring, and 2 bathrooms. There is a utility room with the furnace and electrical system plus 2 overhead garage doors that can be redone to access the main level from the back of the building. The second level has most recently been a billiard hall and has a large open room, a second room with a stage, kitchen and 2 bathrooms. There is also a private room that could be an office. There is a deck/patio area at the back of the building. Separate private entrances for each level, lending itself to two separate business ventures. This property has great potential for your business in the heart of downtown Ely.

ADDITIONAL INFORMATION

Newly remodeled building designed for a professional office venture or home business. The main level has an open greeting area, one back office and a 1/2 bath. The second level has large office, full bathroom and a large open area overlooking Whiteside Park. The current layout was designed as office space with an easy transition into a home business. The upstairs is already set up for a bedroom with closet and the main level is plumbed for a future kitchen. Some of the other features include hardwood floors and a covered porch, Located right on Sheridan Street with good parking as well as a 2 car garage and off-street parking.

ADDITIONAL INFORMATION

Strategic Commercial + Income Property on Sheridan Street, Ely – Exceptional Traffic & Dual Rental Potential. 3,000+ sq ft commercial building available for the first time. Plenty of off-street parking as well! Located on Ely’s principal business corridor it features four large display windows, making it an ideal space for showcasing merchandise. Surrounded by shops, outfitters, galleries, and eateries—this property taps into both local residents and transient recreation customers. Dual Income Streams: Property includes two rentable 1-bedroom apartments, generating extra income alongside commercial use. The retail space easily divides into two separate units—ideal for multiple tenants or increased rental turnover. Traffic Exposure: Sheridan Street boasts approximately 7,700 vehicles per day, driven by Ely’s strong tourism traffic—including visitors en route to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and outdoor recreation destinations. Ely is a Tourism Magnet

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Solid cold Storage 36 x 38 building. Past owners were Rod Loe and this building was used for year by the Zorman Family for Beverage storage. Originally an elevated semi-truck garage to load and unload. Property has a newer entrance stairway platform. Three 7 x 9 overhead doors. Standard steel beam roof framing and headers on both sides. There is a problem with the roof leaking in one spot with heavy rains. Would need to be repaired. Selling as -is. Fenced in yard with gates. Dry Storage underneath part of the garage. Lots are bordered by a paved City of Ely Street to the south and gravel roads to the north and south. Excellent in town location.

ADDITIONAL INFORMATION

Here’s Your Opportunity to Live & Work Up North In Ely! Boat Storage/Rental/Servicing Business with BOOKS THAT EASILY SUPPORT THE ASKING PRICE, PASSIVE INCOME & EXCELLENT GROWTH OPPORTUNITIES! Set on paved road with 11.5 acres and visibility from the corner of Highway 169 & Grant McMahan, just 5 mi s of Ely. 1B/1B yr rnd house w/screen porch potential to be 2nd BR. 4920SF storage bldg w/17ft high dbl door on each end, office w/laundry bath, 1B/1B upstairs yr rnd apt & indoor storage for 14 boats. 50 + boats stored outside, room for more & potential to construct addl storage bldg. Most storage is repeat contract for 6-7 months & includes retrieval from lake, motor winterization, storage & spring launch. Addl services such as tune ups & rigging as needed. Currently 128 boats shrink wrapped on or off site, including commercial multi-boat clients. Business includes 2 pontoon rentals. New septic 2021. 145 ft drilled well. Starlink internet. Turnkey opportunity to own your own business in Ely! Call today!

ADDITIONAL INFORMATION

Pristine commercial building in Elyâ??s sought after downtown location! Endless opportunities are possible for this meticulously maintained +/- 4,200 sq. ft. retail space in the heart of Ely. Currently the home of Pengals Basswood Trading Company, the building presents an excellent investment opportunity and could easily be converted into multiple business spaces with the option of restoring the previous living quarters on the second floor. While the original structure was built in the early 1900â??s, expansion projects occurred in 1983 and 1987 increasing the retail floor by over 1000 sq. ft. Updates include Marvin windows, a metal roof, efficient 3-phase 220 electrical power with 200-amp panel, radiant heat ceiling panels, central air, new entry door, new flooring, updated plumbing and much more! Other features include large storage/inventory areas, kitchen, ½ bath, off-street parking, and private offices. This inviting and highly attractive property has been home to a magnificently successful business and staple of the Ely community for many decades. Make this the future home of your next business venture in the Northwoods!

ADDITIONAL INFORMATION

Introducing 401 E Sheridan St, a prime retail and residential opportunity in the heart of Ely, MN. This historic 6,486 SF free-standing building offers a versatile layout with a main-level retail space currently operating as a liquor store, a 1,666 SF basement used for storage, and a spacious second-level apartment featuring four bedrooms, two bathrooms, a private deck, and a detached garage. Built in 1913, this character-filled property exudes timeless appeal while being ideally situated in a C-1 zoned area, allowing for a variety of potential uses, including retail, restaurant, lounge/bar, grocery, or office space. Nestled in the scenic Northwoods, Ely is known for its strong sense of community, outdoor recreation, and cultural attractions, with the Boundary Waters Canoe Area, International Wolf Center, and Ely Arts & Heritage Center just minutes away. With its historic charm, prime location, and exceptional redevelopment potential, this property presents an exciting opportunity to reimagine a piece of Elyâ??s history for future generations.

ADDITIONAL INFORMATION

Established, turn-key Outfitting business in Ely, MN - Outfitting canoe trips into the MN Boundary Waters Canoe Area Wilderness & Canadaâ??s Quetico Wilderness since 1984. Unique opportunity to purchase a well-known, profitable business located on the majestic shores of White Iron Lake with direct access into the BWCAW with lakeside accommodations offering a unique one-stop shop. Live and work in Ely, MN on the edge of the pristine wilderness - the BWCAW. The property boasts over 650â?? of stunning shoreline and +/- 3 acres and consists of a 2-bedroom owners residence, office, gift shop, equipment building, food packaging area, workshop, shower houses & baths, private dorm-style & motel accommodations and 6 lakeside resort cabins. This highly sought-after business has over 40 years of leading thousands of groups on unforgettable canoe trips which are 100% customized to each individual client ensuring repeat business year after year. Every detail of running this up-north venture has been meticulously crafted with proven strategies to ensure success â?? from the strategic marketing plan, to the care and maintenance of the facility and comfort of the grounds and added personal touches â?? a legacy that you can truly continue to operate for years to come. Live your dream on the edge of the Boundary Waters Canoe Area Wilderness with over one-million acres of lush forests and countless glacial lakes in the Superior National Forest.

ADDITIONAL INFORMATION

Business opportunity in Ely, Minnesota. This well established business has a good client base in Ely and the surrounding area, making ice blocks and cubes to be delivered to businesses. The business includes the real estate, Freezers, merchandisers 750 lb capacity ice bins, ice and beverage coolers, 2 walk in freezers,delivery vehicle, International freezer truck and more. Full equipment and inventory list available. Call or e-mail for additional information and to make an appointment to look at the property. Great owner-operated business in Northern Minnesota in the Boundary Waters Canoe Area.