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Ely, MN Commercial Property for Sale

Ely, MN Commercial Property for Sale (10 Real Estate Listings)

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ACTIVE
474 Kawishiwi Tr, Ely

$3,300,000 White Iron Lake

474 Kawishiwi Tr, Ely

2 Beds 2 Baths 3 Acres 3,680 SqFt Commercial MLS® # 6116092

Established, turn-key Outfitting business in Ely, MN - Outfitting canoe trips into the MN Boundary Waters Canoe Area Wilderness & Canada’s Quetico Wilderness since 1984. Unique opportuni...

Kate DaviesRegional Multiple Listing Service of Minnesota Logo

Active
2331 Old Highway 169, Ely

$498,500

2331 Old Highway 169, Ely

12 Acres 720 SqFt Commercial MLS® # 6753576

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 OPPORTUNITIE...

Janisch Realty, IncRegional Multiple Listing Service of Minnesota Logo

Active
New
2331 Old Highway 169, Ely

$498,500

2331 Old Highway 169, Ely

720 SqFt Commercial MLS® # 148712

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 OPPORTUNITIE...

Janisch Realty IncRegional Multiple Listing Service of Minnesota Logo

ACTIVE
137 E Sheridan Street, Ely

$395,000

↓ $20,000

137 E Sheridan Street, Ely

0 Acres 4,200 SqFt Commercial MLS® # 6117649

Pristine commercial building in Ely’s sought after downtown location! Endless opportunities are possible for this meticulously maintained +/- 4,200 sq. ft. retail space in the heart of Ely....

Kate DaviesRegional Multiple Listing Service of Minnesota Logo

ACTIVE
401 E Sheridan Street, Ely

$395,000

↓ $24,900

401 E Sheridan Street, Ely

1 Bath 0 Acres 4,820 SqFt Commercial MLS® # 6117530

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 r...

Lori SchulzeRegional Multiple Listing Service of Minnesota Logo

ACTIVE
442 N 15th Avenue E, Ely

$349,000

442 N 15th Avenue E, Ely

0 Acres 1,440 SqFt Commercial MLS® # 6113887

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. T...

Janet ErchulRegional Multiple Listing Service of Minnesota Logo

Active
New
29 E Chapman Street, Ely

$299,000

↓ $1,000

29 E Chapman Street, Ely

6,900 SqFt Commercial MLS® # 147727

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 a private room with tile floors, a huge o...

Ely RealtyRegional Multiple Listing Service of Minnesota Logo

Active
120 E Sheridan Street, Ely

$285,000

120 E Sheridan Street, Ely

0 Acres 3,000 SqFt Commercial MLS® # 6785343

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-st...

Z'Up North Realty, Inc.Regional Multiple Listing Service of Minnesota Logo

Active
New
120 E Sheridan Street, Ely

$285,000

120 E Sheridan Street, Ely

3,768 SqFt Commercial MLS® # 148955

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-st...

z' Up North RealtyRegional Multiple Listing Service of Minnesota Logo

ACTIVE
321 W Shagawa Road, Ely

$49,900

↓ $19,600

321 W Shagawa Road, Ely

0 Acres 1,368 SqFt Commercial MLS® # 6121182

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 loa...

Jerry Fink Canoe Capital Realty, LLCRegional Multiple Listing Service of Minnesota Logo

Ely, MN Real Estate Statistics

Average Price $472K
Lowest Price $25K
Highest Price $3.3M
Total Listings 155
Avg. Price/SQFT $371

Property Types (active listings)


As of October 15, 2025 there are 10 active Ely, MN commercial real estate listings for sale with an average listing price of $635,490. The highest-priced commercial property listing is $3,300,000, while the lowest priced commercial property can be purchased for $49,900. Ely, MN Commercial properties for sale have an average price of $295 per square foot, based on commercial listings with an average of 2.0 bedrooms, 1.5 bathrooms, and 3,062 square feet of living space.

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