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Improved Commercial Land for Sale in Ely, Minnesota

2331 Old Hwy 169, Ely, MN 55731

$498,500
11.5 acres
Active
Est $2,879/mo

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

720
Sq feet

Location

Street address
2331 Old Hwy 169
Community
Rural N of Hwy 169 - 135
Elevation
1,385 feet
Coordinates
47.894, -91.9248

Property details

Acreage
11.5 acres
Zoning
MU-5
MLS #
RAOR 148712
Posted

Parcels

  • 465-0040-05841

Details and features

Listing

Type
Commercial Sale

Exterior

Parking Spaces
10
Parking
Garage

Structure

Heating
Electric, Wood
Roof
Asphalt, Metal, Shingle

Listing history

DateEventPriceChangeSource
July 13, 2025New listing$498,500RAOR
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This 11.5-acre property is located at 2331 Old Hwy 169 in Ely, MN 55731. The property is available for sale for $498,500. It has a 720 sq ft structure.

Checked 7 hours ago — Updated

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