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$300,000 Just Listed

  • For Sale
  • Active
  • Business
  • 5,150 Sq. Ft.
  • 0.07 Acres
  • Updated 1 day ago
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Commercial Building - Ely, Mn - REAL ESTATE ONLY - 5000 sq ft commercial building in the heart of downtown Ely. This historic building, built in 1920, has 4 separate leasing areas. The main floor front space is leased until April, 2027 and features original tin ceilings and wood floors. The additional main floor and second floor space is occupied by the owners of the building to operate their existing business. Major updates to the building including a new roof in 2023 and a new fuel oil boiler in 2021. Great corner location. The building was a successful clothing store for 30+ years. This is an opportunity to bring your existing business to this location or to establish a new business venture.

Full Property Details for 145 E Chapman St

General

  • Price: $300,000
  • Taxes: $4,996 (2026)
  • Status: Active
  • Type: Business
  • Source: 1402
  • MLS ID: 6125185
  • Updated: 5/13/2026
  • Added to Site: 3 day(s) ago

Additional Information

  • Other Features: Restrooms, Stage

Parking

  • Parking Features: On-Street Parking Only

Location

  • Area: R
  • County: St. Louis County
  • Driving Directions: Sheridan Street to 2nd Ave - right on 2nd. Building on the corner of 2nd and Chapman

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air, Propane

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Frame/Wood, Other - See Remarks
  • Exterior Const.: Wood
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Concrete
  • Roof: Rubber
  • Ceiling Height: 16-20 Feet, Varied Heights
  • Stories/Levels: 2
  • Square Feet: 5,150
  • Current Bldg. Use: Business
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 25 x 125
  • Frontage: Paved Road, Sidewalks, Street Lights, City Street

Financial Considerations

  • Price Per Sq. Ft.: $58.25
  • Tax Amount: $4,996
  • Tax Year: 2026
  • Terms: Cash, Conventional
  • Tenant Pays: None

Disclosures and Reports

  • Legal Description: ELY Lot 12, Block 15
  • Inclusions: Building
  • Property ID: 030-0010-01810

Listed by Ely Realty

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— 145 E Chapman St —

  • Ely Realty

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 145 E Chapman St

School District:Ely Public School District
NameGradesDistance
Washington Elementary School, Ely, MN
520 East Harvey Street, Ely, MN 55731
PK-50.3 mi
Memorial Middle School
600 East Harvey Street, Ely, MN 55731
6-80.3 mi
Memorial Secondary
600 East Harvey Street, Ely, MN 55731
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 145 E Chapman St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/11/2026
Listed
$300,000
122.22%
MLS
9/11/2019
Sold
$135,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 145 E Chapman St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,236
7%
$179,100
5%
2025
$4,888
8%
$170,100
18%
2024
$4,508
14%
$144,300
—
2023
$3,954
-9%
$144,300
12%
2022
$4,344
14%
$129,100
—
2020
$3,822
1%
$129,100
—
2019
$3,770
1%
$129,100
1%
2018
$3,728
-18%
$128,300
—
2017
$4,534
-13%
$128,300
-15%
2016
$5,186
-12%
$150,400
-9%
2015
$5,912
-1%
$165,300
—
2014
$5,977
-8%
$165,300
-5%
2013
$6,487
—
$173,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Ely Realty

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145 E Chapman St, Ely, MN 55731 (MLS# 6125185) is a Business property. 145 E Chapman St is currently listed for $300,000 and was received on May 11, 2026. Want to learn more about 145 E Chapman St? Do you have questions about finding other Business real estate for sale in Ely? You can browse all Ely real estate or contact a Coldwell Banker agent to request more information.

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