
Improved Commercial Land for Sale in Ely, Minnesota
2331 Old Hwy 169, Ely, MN 55731
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 E
Location
- Street address
- 2331 Old Hwy 169
- County
- Saint Louis County
- Community
- Rural N of Hwy 169 - 135
- Elevation
- 1,385 feet
Property details
- Acreage
- 11.5 acres
- Zoning
- MU-5
- MLS #
- RAOR 148712
- Posted
Parcels
- 465-0040-05841
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Other
Exterior
- Parking Spaces
- 10
- Parking
- Garage
Structure
- Heating
- Electric, Wood
- Roof
- Asphalt, Metal, Shingle
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 13, 2025 | New listing | $498,500 | — | RAOR |





























