# 145 E Chapman St, Ely, MN 55731

> **TL;DR:** commercial, $240,000.
> A/C. Est. $1,284/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $240,000 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,214 |
| Estimated Insurance | $70 |
| **Total** | **$1,284** |

## Key Amenities

- A/C

## Description

### Agent 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.

## Location

- **Address:** 145 E Chapman St, Ely, MN 55731
- **Coordinates:** 47.902553, -91.864127
- **Google Maps:** https://www.google.com/maps?q=47.902553,-91.864127

## Listing Agent

- **Name:** Jan Erchul
- **Brokerage:** Ely Realty
- **Phone:** 2183490515
- **Broker Phone:** 2183652100
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/RAORMN/149947/?channel=propsimple)

## Photos

![145 E Chapman St - Photo 1](http://lh.rdcpix.com/36a4e98630411e67f560e88ab76c9047l-f78204350r.jpg)

![145 E Chapman St - Photo 2](http://lh.rdcpix.com/36a4e98630411e67f560e88ab76c9047l-f3941837169r.jpg)

![145 E Chapman St - Photo 3](http://lh.rdcpix.com/36a4e98630411e67f560e88ab76c9047l-f3472597392r.jpg)

![145 E Chapman St - Photo 4](http://lh.rdcpix.com/36a4e98630411e67f560e88ab76c9047l-f2388230676r.jpg)

![145 E Chapman St - Photo 5](http://lh.rdcpix.com/36a4e98630411e67f560e88ab76c9047l-f4269526676r.jpg)

---

**MLS#:** 149947 | **Updated:** 2026-09-07
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/145-e-chapman-st-ely-mn-55731-n149947)

---

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