Ely, MN Commercial Property for Sale (16 Real Estate Listings)

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474 Kawishiwi Tr, Ely

$2,800,000 White Iron Lake

474 Kawishiwi Tr, Ely

3 Acres 3,680 SqFt Commercial MLS® # 6123598

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...

Bear Island Realty LLCRegional Multiple Listing Service of Minnesota Logo

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New
302 E Sheridan Street, Ely

$1,100,000

302 E Sheridan Street, Ely

1 Acres 4,214 SqFt Commercial MLS® # 7140405

...

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

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New
2 W Sheridan St, Ely

$979,000

2 W Sheridan St, Ely

0 Acres 4,350 SqFt Commercial MLS® # 6124637

Rarely does an opportunity arise to own a cornerstone of the Ely community—a business that is not just a destination, but a way of life for those who love and live on Northern Grounds. After...

Canoe Capital Realty, LLCRegional Multiple Listing Service of Minnesota Logo

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New
2331 Old Highway 169, Ely

$459,000

↓ $39,500

2331 Old Highway 169, Ely

12 Acres 720 SqFt Commercial MLS® # 6753576

OPEN HOUSE: Click link for 3D Virtual Tour. Here’s Your Opportunity to Live & Work Up North In Ely! Boat Storage/Rental/Servicing Business with BOOKS THAT EASILY SUPPORT THE ASKING PRICE, PA...

Janisch Realty, IncRegional Multiple Listing Service of Minnesota Logo

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New
1600 E Sheridan St, Ely

$450,000

1600 E Sheridan St, Ely

1 Acres 1,353 SqFt Commercial MLS® # 6124106

Seize a rare opportunity to own a one-of-a-kind commercial property in the heart of Ely, Minnesota — the gateway to the Boundary Waters Canoe Area Wilderness. Situated on a prominent corner ...

Keller Williams Classic Realty NW - ElyRegional Multiple Listing Service of Minnesota Logo

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New
401 E Sheridan St, Ely

$395,000

401 E Sheridan St, Ely

0 Acres 4,820 SqFt Commercial MLS® # 6124235

Few properties can claim both a century of history and a front-row seat to everything that makes Ely one of Minnesota's most beloved destinations. 401 E Sheridan Street is one of them. Built...

Keller Williams Classic Realty NW - ElyRegional Multiple Listing Service of Minnesota Logo

Active
New
216 E Sheridan St, Ely

$390,000

216 E Sheridan St, Ely

0 Acres 6,800 SqFt Commercial MLS® # 6124763

Position your business for success in one of Ely’s most iconic commercial spaces. Formerly home to the highly successful Ely Steak House for almost 30 years, this prime Main Street property ...

Bear Island Realty LLCRegional Multiple Listing Service of Minnesota Logo

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New
137 E Sheridan St, Ely

$370,000

↓ $5,000

137 E Sheridan St, 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....

Bear Island Realty LLCRegional Multiple Listing Service of Minnesota Logo

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New
442 N 15th Ave E, Ely

$349,000

442 N 15th Ave 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...

Ely RealtyRegional Multiple Listing Service of Minnesota Logo

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New
29 E Chapman Street E, Ely

$299,000

29 E Chapman Street E, Ely

3 Baths 54 Acres 6,900 SqFt Commercial MLS® # 6823726

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...

Regional Multiple Listing Service of Minnesota Logo

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New
729 E Sheridan St, Ely

$245,000

729 E Sheridan St, Ely

0 Acres 1,408 SqFt Commercial MLS® # 6122705

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 off...

Wildwoods Land CompanyRegional Multiple Listing Service of Minnesota Logo

Active
New
145 E Chapman St, Ely

$240,000

↓ $35,000

145 E Chapman St, Ely

0 Acres 5,150 SqFt Commercial MLS® # 6125185

Commercial Building - Ely, Mn - REAL ESTATE ONLY - 5000 sq ft commercial building in the heart of downtown Ely. This historic building, built in 1920, has 4 separate leasing areas. The ma...

Ely RealtyRegional Multiple Listing Service of Minnesota Logo

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New
133 E Chapman Street, Ely

$230,000

133 E Chapman Street, Ely

1 Bed 2 Baths 0 Acres 3,030 SqFt Commercial MLS® # 7100496

Excellent commercial space opportunity conveniently located on Chapman Street in Ely! This versatile property offers endless possibilities for an owner-occupant or investor. The main level f...

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

Pending
New
120 E Sheridan Street, Ely

$219,000

↓ $10,000

120 E Sheridan Street, Ely

2 Beds 4 Baths 0 Acres 2,994 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

Pending
New
955 E Sheridan St, Ely

$215,000

955 E Sheridan St, Ely

0 Acres 1,900 SqFt Commercial MLS® # 6125842

A truly special commercial opportunity in the heart of Ely. This highly visible, centrally located property offers a warm and welcoming setting that has been thoughtfully cared for and has p...

Bear Island Realty LLCRegional Multiple Listing Service of Minnesota Logo

Active
New
628 E Sheridan St, Ely

$185,000

628 E Sheridan St, Ely

0 Acres 1,456 SqFt Commercial MLS® # 6123532

This exceptionally located commercial office property sits directly adjacent to Ely’s Whiteside Park, offering excellent visibility and convenience on Ely’s main street. The spacious main le...

Bear Island Realty LLCRegional Multiple Listing Service of Minnesota Logo

Ely, MN Real Estate Statistics

Average Price $473K
Lowest Price $219
Highest Price $2.8M
Total Listings 141
Avg. Price/SQFT $377

Property Types (active listings)


As of October 8, 2026 there are 16 active Ely, MN commercial real estate listings for sale with an average listing price of $557,813. The highest-priced commercial property listing is $2,800,000, while the lowest priced commercial property can be purchased for $185,000. Ely, MN Commercial properties for sale have an average price of $209 per square foot, based on commercial listings with an average of 1.5 bedrooms, 3.0 bathrooms, and 3,401 square feet of living space.

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