For Sale: Ely MLS# 7100496
Active
NEW!
$230,000
Commercial: 2 Stories
1 br • 2 ba • Built 1900
0.074 acres
Ely schools
MLS# 7100496
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Excellent commercial space opportunity conveniently located on Chapman Street in Ely! This versatile property offers endless possibilities for an owner-occupant or investor. The main level features an open, flexible floor plan that is ideal for retail, professional office space, a boutique, studio, or a variety of other business uses. Upstairs, you'll find a spacious one-bedroom apartment with its own private rear entrance, a large rooftop deck, and convenient off-street parking. Live where you work, generate rental income, or lease both levels for maximum investment potential. A unique property offering flexibility, income-producing possibilities, and a prime Chapman Street location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$230,000
Property Type:
Commercial
City:
Ely
Garage Spaces:
0
County:
St. Louis
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
55731
Subdivision Name:
Ely
Interior
Bedrooms:
1
Bathrooms:
2
Ceiling Height:
8-10
Flooring:
Carpet, Luxury Vinyl Tile
Refrigerators:
One
Basement Details:
- Full
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
1,005 ft2
Foundation Dimensions:
45.7x22
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Open
- Parking Lot
- Paved Lot
Road Frontage:
City Street
Pool:
None
Roof Details:
- Metal
- Rubber
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.074
Geolocation:
47.902555, -91.864427
Inclusions:
Building
Lot Dimensions:
25 x 125
Zoning:
Business/Commercial
Schools
School District:
696
District Phone:
2183656166
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,303
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$3,478
Units
Total Units:
2
Miscellaneous
Current Use:
Vacant
Fuel System:
- Electric
- Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
City of Ely
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Z'Up North Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.