Ely, Minnesota is a great place to live and work! Take the opportunity to have your own successful commercial business in the Ely area! Rental units in Ely are also to be desired. Enjoy living and working right on the edge of the BWCA (Boundary Waters Canoe Area) in the middle of northeastern Minnesota's great northwoods. Bear Island Land Co., Inc. will help you find the business or commercial opportunity you are in the market for.
Updated Duplex with newer roof, windows, siding and electric heat. Updated electric, the walls are newly insulated, sheet rocked and freshly painted. Two one bedroom units. Excellent rental history, low maintenance costs and a 4 car off street parking.
Well-established boutique in an excellent location is currently a turn-key business. The boutique features stylish new and consigned clothing, accessories, jewelry and home decor. Numerous upgrades have been made, new wiring, handicap ramp, front steps, new paint, hard wood floors and a deck. There is ample street parking. Current owners would be available to help train in new owners.
Camp Street Duplex
This is a great investment property with an excellent rental history. Building includes two, 2-bedroom apartments. Features: new propane furnace, (2008) rewired updated electrical service with outside meters, new hot water heaters. Blown in insulated walls, and insulated attic. Perfect rental location within walking distance of everything Ely offers.
Newer 4-plex located in a quiet wooded neighborhood in Winton. Great income producer! All 4 units have 3 large bedrooms and 1 bath. Custom cabinets. Ceramic tile in kitchens and bathrooms. Oak trim and doors throughout. 2 upper units and 2 lower units. Upper units have gorgeous vaulted ceilings. Radiant in floor heating. 5-stall detached garage. Coin operated laundry for extra income.
Rare opportunity to purchase commercial lots on the east end of Ely. There are two lots ranging in size from 1-2+/- acres. These lots are in a prime location with high traffic counts and other commercial anchors already in place. Great visibility on Ely's main street.
Listing #3099 & #3100
$125,000 - $245,000
MLS #6002534 & #6002535
Purchase property on Ely's main street with high visibility and a central location in the heart of Ely. This meticulously maintained building has over 1,600 sq. ft. on the street level, a perfect commercial space with a large storefront. Upstairs is a beautifully updated 3BR home with 1,600+/- sq. ft. of living space for use as a personal home or could be rented for extra income.
The historic Tanner Building is on the National Historic Register. It was originally built as a hospital in 1903 and then became an apartment building after the hospital closed with several apartments throughout the building. The present owner has opened up the entire interior to make the renovations easier. The central downtown location makes it ideal for a variety of business ventures.