For Sale
$300,000

29 Chapman St Ely, MN 55731

6,900 SF, Two-Level Building, High Potential

Overview

Added:
Feb 3
Days on market:
73
This exceptional commercial property, located at 29 E Chapman St in the heart of downtown Ely, MN, offers a unique opportunity for business owners. Spanning 6,900 square feet across two levels, each floor boasts 3,450 square feet of versatile space. The main level features two private rooms with tile flooring, a spacious open area also with tile, and two bathrooms. A convenient utility room houses the furnace and electrical system, and two overhead garage doors offer potential for rear access, subject to renovation. The upper level, previously used as a billiard hall, includes a large open area, a secondary room with a stage, a kitchen, and two additional bathrooms. A private room on this level could easily serve as an office. A rear deck/patio area provides outdoor space. The building's design, with separate private entrances for each level, allows for the possibility of two distinct business ventures operating simultaneously. The 0.19-acre lot provides ample space for this established building in a prime downtown location. This property presents significant potential for a variety of commercial uses. Its size, layout, and central location make it an attractive investment opportunity in the thriving Ely, MN market.

Property Details for 29 Chapman St

Property type
Commercial real estate
Year Built
1963
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Ely
County
St. Louis County
State
Minnesota
Latitude
47.90258
Longitude
-91.86606
29 Chapman St, Ely, Minnesota

FAQs

What type of property is this?
Commercial real estate - 6,900 SF, Two-Level Building, High Potential
Where is the commercial real estate located?
The property is located at 29 Chapman St Ely, MN.
What is the asking price?
The asking price for this property is $300,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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29 Chapman St
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