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About This Home

This 0-bedroom, 0-bathroom commercial at 2331 Old Hwy 169 in Ely, MN is listed for $498,500. on a N/A lot.

Agent Description

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 E

Monthly Cost Estimate

$2,666/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,160
Insurance$145

Estimates only. Actual payments may vary.

Location

2331 Old Hwy 169

Ely, MN 55731

Property Details

Construction

Wood Frame

Parking

Garage

Heating

WoodElectric (Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2331 Old Hwy 169 is listed at $498,500. The estimated monthly payment is $2,160 based on 20% down at 6.5% interest.

This property is listed by Lisa Janisch and can be reached at 2187806644 or lisa@janischrealty.com.

LJ

Lisa Janisch

Agent at Janisch Realty Inc

(218) 780-6644

Listed by Janisch Realty Inc

MLS# 148712· Source: listhub· Updated today

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.

2331 Old Hwy 169, Ely, MN 55731

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