Ely Homes with Apartments and Retail Style

Welcome to Ely, Minnesota – a charming gateway to the pristine wilderness of the Northwoods! Nestled in St. Louis County, Ely is not just a picturesque town; it’s a vibrant community brimming with outdoor adventures and rich cultural heritage. Known as the "Home of the Boundary Waters," Ely attracts nature enthusiasts and adventurers from all over the country, offering unparalleled access to hiking, fishing, canoeing, and wildlife watching.

Ely’s real estate market reflects its unique character, with a variety of homes that cater to diverse lifestyles. Among the most appealing options are homes with apartments and retail spaces, perfect for those looking to invest in a property that combines living, working, and leisure. Imagine waking up to breathtaking views of the surrounding forests and lakes, while having the convenience of a retail space right at your doorstep. This blend of residential and commercial living not only enhances your lifestyle but also offers exciting opportunities for entrepreneurship in a bustling community.

Ely is known for its friendly atmosphere, where neighbors become friends and local businesses thrive. Enjoy delightful cafes, unique shops, and artistic galleries that add to the town’s charm. Whether you’re seeking a peaceful retreat or a place to grow your business, Ely’s homes with apartments and retail style offer the perfect solution. Embrace the beauty of nature, the warmth of community, and the potential for success in Ely, Minnesota – your new home awaits!

Newest Ely Homes with Apartments and Retail Style

$219,000

2 Beds ⋅ 4 Baths ⋅ 6785343 MLS

Strategic Commercial + Income Property on Sheridan Street, Ely – Exceptional Traffic & Dual Rental Potential. 3,000+ sq ft commercial building available for the first time. Plenty of off-street parking as well! Located on Ely’s principal business corridor it features four large display windows, making it an ideal space for showcasing merchandise. Surrounded by shops, outfitters, galleries, and eateries—this property taps into both local residents and transient recreation customers. Dual Income Streams: Property includes two rentable 1-bedroom apartments, generating extra income alongside commercial use. The retail space easily divides into two separate units—ideal for multiple tenants or increased rental turnover. Traffic Exposure: Sheridan Street boasts approximately 7,700 vehicles per day, driven by Ely’s strong tourism traffic—including visitors en route to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and outdoor recreation destinations. Ely is a Tourism Magnet

120 E Sheridan Street, Ely

Listing courtesy of Z'Up North Realty, Inc..

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