About This Home

This 0-bedroom, 0-bathroom commercial at 145 E Chapman St in Ely, MN is listed for $240,000. on a N/A lot.

Amenities

A/C
Listing Description

Commercial Building - Ely, Mn - REAL ESTATE ONLY - 5000 sq ft commercial building in the heart of downtown Ely. This historic building, built in 1920, has 4 separate leasing areas. The main floor front space features original tin ceilings and wood floors.

The additional main floor and second floor space is occupied by the owners of the building to operate their existing business. Major updates to the building including a new roof in 2023 and a new fuel oil boiler in 2021. Great corner location. The building was a successful clothing store for 30+ years. This is an opportunity to bring your existing business to this location or to establish a new business venture.

Monthly Cost Estimate

$1,284/mo

20% down · 6.5% · 30 years

Principal$174
Interest$1,040
Insurance$70

Estimates only. Actual payments may vary.

Location

145 E Chapman St

Ely, MN 55731

Property Details

Construction

Wood Frame

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 145 E Chapman St is listed at $240,000. The estimated monthly payment is $1,284 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Jan Erchul.

JE

Jan Erchul

Agent at Ely Realty

Listed by Ely Realty · Broker phone: 2183652100

MLS# 149947· Source: Range Association of REALTORS· 1 day on PropertySimple

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

145 E Chapman St, Ely, MN 55731

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