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Ely, MN 55731

$459,000

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https://my.matterport.com/show/?m=2FJ5j3zcsMo&mls=1

Property Type: Commercial Square Footage: 720 Lot Size (sq. ft.): 500,940 Status: Active

Current Price: $459,000 List Date: 7/13/2025 Last Modified: 7/23/2026

Overview

Description

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 ... (Read more)

Listing Details MLS# 6753576

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 50
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1989
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 720
Garage Stalls: 10
For Sale or Lease: For Sale
Acres: 11.5
Lot Dimensions: 982x668
Assessment Pending: Yes

Property Features

Accessible: Other CMU Style: Single Occupancy Construction Status: Previously Owned Current Use: Residential Exterior: Metal; Wood Foundation: Pillar/Post/Pier Fuel: Electric; Wood Heating: Dual Fuel/Off Peak; Wood Stove Loan Terms: Cash; Conventional Lock Box Type: Combo On Site Utilities: Electric Common Parking Characteristics: Parking Lot; Gravel Lot Sewer: Private Sewer Stories: One Water: Drilled

Contract Information

Contingency: None
ListPrice: 459000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Ely
County: St. Louis
State: MN
Zip Code: 55731

Assessments

Assessment Balance: 325
Tax With Assessments: 2980

Basement

Foundation Dimensions: 30x24

More Information

Building Information

Building Finished SqFt: 720
Building SqFt: 720

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 82x60
Garage Door Height: 17
Garage Square Feet: 5000
Parking Lot: Yes
Gravel Lot: Yes

Public Survey Info

Range#: 13
Section#: 36
Township#: 63

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other

Unit 1

Unit Number: Yes
Leased?: No

Unit Details

Total Units: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: THAT PART OF NE1/4 OF SE1/4 S OF DM & IR RAILWAY EX W 325 FT THEREOF, AND ALL THAT PART OF R.R. R.O.W. CONTIGUOUS WITH THE AFORE DESCRIBED PARCEL & INC VAC HWY ADJ
Listing City: Ely
Map Page: 999
Municipality: Ely
School District: Ely
School District Phone: 218-365-6166
Property ID Number: 465004005841
Tax Year: 2026
Tax Amount: 2655
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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! Property available without business for $379,000.
Directions: From Ely, W. on Hwy 169, R. on Old Hwy 169 to Fire#.

Accessible

Other: Yes

Construction Status

Previously Owned: Yes

Exterior

Metal: Yes
Wood: Yes

Foundation

Pillar/Post/Pier: Yes

Fuel

Electric: Yes
Wood: Yes

Heating

Dual Fuel/Off Peak: Yes
Wood Stove: Yes

Lock Box Type

Combo: Yes

Sewer

Private Sewer: Yes

Stories

One: Yes

Water

Drilled: Yes

On Site Utilities

Electric Common: Yes

CMU Style

Single Occupancy: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Listing Office: Janisch Realty, Inc

Last Updated: July - 23 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.