# 2331 Old Hwy 169, Ely, MN 55731

> **TL;DR:** commercial, $498,500 ($692/sqft), 720 sqft. Est. $2,160/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $498,500 |
| Price/sqft | $692 |
| Square Feet | 720 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

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

## Property Highlights

- 10 parking spaces

## 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 E

## Location

- **Address:** 2331 Old Hwy 169, Ely, MN 55731
- **Coordinates:** 47.893988, -91.924751
- **Google Maps:** https://www.google.com/maps?q=47.893988,-91.924751

## Listing Agent

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

## Primary Photo

![2331 Old Hwy 169 - Primary Photo](http://lh.rdcpix.com/bd1dfb10223d1f5f3db818ab6956a102l-f2212007436r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/2331-old-hwy-169-ely-mn-55731-n148712)*

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**MLS#:** 148712 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2331-old-hwy-169-ely-mn-55731-n148712)

---

## Structured Data

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