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7,000 sqft

$209,000

29 E Chapman St, Ely MN, 55731

Price per sqft$29.86
Built in1963
Property size7,000 sqft
Property typeCommercial
Courtesy of Bear Island Realty LLC, Kate Davies Listing Contact: ***

Overview

Active

Listed Jul 1, 2026

Updated Sep 3

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.

Other Property Details

Taxes
$2,753
Tax Frequency
Annually
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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Michelle Ryan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 3:09 AM UTC on 9/3/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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