Courtesy: Bear Island Realty LLC
218-365-2800
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!
Courtesy: Keller Williams Classic Realty NW
763-463-7500
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.
Courtesy: Z' Up North Realty
218-827-2288
Are you ready to make your entrepreneurial dreams come true? Look no further â?? Ely's Sir G's Italian Restaurant is the perfect opportunity! With over 2059 sq ft of restaurant and kitchen space, situated on the busiest street Sheridan St., this could be the ideal location for your dream restaurant. Sir G's is a long-standing tradition in Ely. It has been around for years, offering an iconic Italian cuisine with a proven cash flow that still has even more potential. Guests can enjoy one-of-a-kind hand painted artwork depicting Tuscan fields and beautiful Italian scenery while waiting for their delicious meal or handmade pizzas. And with daily drive-by traffic estimated at 5800 people, customers will never be lacking! Not only does this sale include the real estate and building but it also includes all equipment and recipes needed to take over this amazing business opportunity. So, what are you waiting for? Take this opportunity and make your dreams come true with Ely's Sir G's Italian Restaurant! You don't want to miss out on this incredible chance to own a piece of history.
Courtesy: Ely Realty
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.
Courtesy: Bear Island Realty LLC
218-365-2800
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.
Courtesy: Bear Island Realty LLC
218-365-2800
Well known restaurant and fishing resort on Shagawa Lake in Ely, Mn! Located on aprox 1.7 acres with 258 feet of level sandy shoreline on this fantastic fishing lake! This well established year around business features a popular restaurant with bar service, and 4 log cabins that are rented throughout the 4 seasons! The entire property has a true north woods atmosphere with big pine trees and great lake views. The full service restaurant has 2 gorgeous dining rooms (1 with a stone fireplace) for indoor seating, lots of awesome outdoor seating with stunning views of Shagawa, and a commercial kitchen. Upstairs is office space &/or living quarters. Also, RV sites with electric service, tent camping sites, 4 large docks, and a bait shop. City water and sewer. Comes fully equipped and ready to go. What a setting and opportunity! Please do not contact the business directly as they are busy running their business!
Courtesy: Ely Realty
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.
Andrea D. Conner, License # 40471694, Xome Inc., License 40368414, AndreaD.Conner@Xome.com, 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Ely is located in Minnesota. Ely, Minnesota has a population of 3,280. Ely is less family-centric than the surrounding county with 15.6% of the households containing married families with children. The county average for households married with children is 26.31%.
The median household income in Ely, Minnesota is $44,745. The median household income for the surrounding county is $61,213 compared to the national median of $69,021. The median age of people living in Ely is 52.2 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of -6.7 degrees. The average rainfall is approximately 29.7 inches per year, with 63.4 inches of snow per year.
