# 2331 Old Highway 169, Ely, MN 55731

> **TL;DR:** commercial, $498,500, built 1989. Est. $2,160/mo. Listed 271 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $498,500 |
| Year Built | 1989 |
| Lot Size | 500,940 sqft (11.50 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 271 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,160 |
| **Total** | **$2,160** |

## Property Highlights

- Built in 1989
- 11.50 acre lot

## Description

### 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 Ely!  Call today!

## Location

- **Address:** 2331 Old Highway 169, Ely, MN 55731
- **County:** St. Louis-MN
- **Coordinates:** 47.89341192, -91.92558782
- **Google Maps:** https://www.google.com/maps?q=47.89341192,-91.92558782

## Listing Agent

- **Name:** Lisa Janisch
- **Brokerage:** Janisch Realty, Inc
- **Phone:** 2187806644
- **Email:** lisa@janischrealty.com

## Primary Photo

![2331 Old Highway 169 - Primary Photo](http://lh.rdcpix.com/91e09916d13a4cf01820abc1adbfb951l-f2936205559r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/2331-old-highway-169-ely-mn-55731-6753576)*

---

**MLS#:** 6753576 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Northstar MLS. 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.com/listing/2331-old-highway-169-ely-mn-55731-6753576)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "2331 Old Highway 169, Ely, MN 55731",
  "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",
  "url": "https://www.propertysimple.com/listing/2331-old-highway-169-ely-mn-55731-6753576",
  "image": "http://lh.rdcpix.com/91e09916d13a4cf01820abc1adbfb951l-f2936205559r.jpg",
  "datePosted": "2026-04-24",
  "price": 498500,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "2331 Old Highway 169",
    "addressLocality": "Ely",
    "addressRegion": "MN",
    "postalCode": "55731",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 47.89341192,
    "longitude": -91.92558782
  },
  "yearBuilt": 1989
}
```