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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
Subtype
Other

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 42 mins ago — Updated

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