29 E Chapman St, Ely, MN 55731
29 E Chapman St, Ely, MN 55731
29 E Chapman St, Ely, MN 55731
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Annie Lawrence

Annie Lawrence

+1(715) 558-3334
Listed by Kate Davies Bear Island Realty LLC
$230,000
Est. payment /mo
7,000 SqFt
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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $32

MLS Listing ID LSA6126526

HOA Y/N No

Year Built 1963

Annual Tax Amount $2,753

Tax Year 2026

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 54 x 125

Property Sub-Type Commercial

Source lsar

Property Description

Bring your vision to one of downtown Ely's most versatile commercial properties. Offering approximately 7,000 square feet across two full levels, this building provides an impressive amount of space, flexibility, and income-producing potential in a high-visibility location near the heart of downtown. The main floor includes approximately 3,450 square feet and is well-suited for a wide range of commercial uses. Its combination of open floor space, private offices, bathrooms, utility area, and rear access options creates exciting potential for retail, office, studio, service-based, recreational, or light commercial use. The layout may also allow the main level to be separated into two individual business spaces, offering flexibility for an owner-occupant, investor, or entrepreneur looking to launch multiple concepts under one roof. The upper level offers another 3,450 square feet and is currently configured with expansive gathering areas, a stage area, kitchen space, bathrooms, and a private room ideal for an office or storage. With a separate entrance, this level could continue as a commercial space, be used for events or entertainment, or potentially be converted into residential apartments. A rear patio area adds additional usable space, complemented by ample off-street parking. With two full levels, separate access points, and a layout that invites creativity, this property is ready for someone with imagination and ambition. From boutique retail, professional offices, studio space, entertainment, mixed-use redevelopment, or income-producing apartments, the possibilities are wide open for the next owner to create something truly special in downtown Ely.

Location

State MN

County St. Louis County

Area Lsar

Direction In Ely Take Central Ave. South to Chapman St. Turn left and follow to 29 E Chapman St. on the North side of the street.

Rooms

Basement None

Interior

Heating Baseboard, Oil

Cooling None

Inclusions Building

Exterior

Parking Features Asphalt

View Y/N No

Roof Type Flat

Garage No

Building

Sewer Public Sewer

Water City

Structure Type Block

Schools

High Schools Ely #696

School District Ely #696

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Annie Lawrence

Annie Lawrence

+1(715) 558-3334

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