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OPEN HOUSE: Click link for 3D Virtual Tour. 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! Property available without business for $379,000.

Highlights

  • Commercial Sale
  • Built in 1989
  • 11.5 Acre Lot
  • 10 Car Garage
  • 483 days on Market

  • Year Built
    1989
  • Stories
    1.0
  • Construction Materials
    Metal Siding
  • Foundation
    Pillar/Post/Pier
  • Garage Spaces
    10.0
  • Parking Features
    Gravel, Parking Lot
  • Heating
    Electric, Wood Stove, Wood

  • Acres
    11.5

  • County
    St. Louis
  • City
    Ely
  • Zip Code
    55731

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Frequently Asked Questions

How do I schedule a tour of 2331 Highway 169?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2331 Highway 169.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2331 Highway 169?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $459,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Ely, and can even get you in to see the property quickly.

How do I get a virtual tour of 2331 Highway 169?

Yes! A virtual tour is available for 2331 Highway 169. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 2331 Highway 169?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 2331 Highway 169 at around $2,833. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2331 Highway 169?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in St. Louis County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2331 Highway 169?

In most cases, yes. Whether 2331 Highway 169 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Ely's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2331 Highway 169?

We can handle that for you. Our preferred local agent specializes in commercial sales in Ely and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $459,000 with 720 sqft of space—that comes out to approximately $638 per square foot.

How long has this property been on the market?

2331 Highway 169 was listed on July 13, 2025, which means it's been on the market for 483 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1989, making it approximately 37 years old.

What is the lot size of this property?

2331 Highway 169 sits on a 11.5-acre lot, which is 500,940 square feet.

What are the property taxes for 2331 Highway 169?

The most recent public record shows annual property taxes for 2331 Highway 169 were approximately $2,655. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 2331 Highway 169 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 08, 2026 at 02:56PM. 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.

Last Updated: November 08, 2026 at 02:56PM | Source: NorthstarMLS | MLS#: 6753576

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