2331 Old Hwy 169 Ely, MN 55731

$459,000
Active
720 Sq Ft  |  Commercial  |  MLS # 6120676
Active
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About The Listing

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.


Listing courtesy of Janisch Realty Inc.
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Year Built: 1989
MLS #: 6120676
Stories: 1.0
Square Feet: 720
Price Per Square Foot: $638
Parking Description: Gravel
Sewer Description: Private Sewer
Air Conditioning Type: None
Water: Private
Heat Type: Dual Fuel/Off Peak, Wood
Basement: Crawl Space
Foundation Type: Wood
Construction Description: Steel Siding, Wood
Roof Description: Asphalt, Metal
Days On Market (Continuous): 375
Disability Features: None
Latest Update: 07/22/2026
List Date: 07/13/2025
Listing Agent ID: daniel
Listing Office: Janisch Realty Inc.
Listing Office ID: 30486
Data Source: LSAR - Lake Superior Area REALTORS
Lot Dimensions: 982x668
Lot Size: 11.5 Acres
Tax Year: 2026
Estimated Taxes: $3,064
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN

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Listing last updated: 07/22/26

The information published and disseminated by the service is communicated verbatim, without change by the service, as filed with the service by the participant. The service does not verify such information provided and disclaims any responsibility for its accuracy. Each participant agrees to hold the service harmless against any liability arising from any inaccuracy or inadequacy of the information such participant provides.