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$275,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,150 Sq. Ft.
  • 0.071 Acres
  • Updated 3 days 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: $275,000
  • Taxes: $4,996 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7130042
  • Updated: 8/19/2026
  • Added to Site: 5 day(s) ago

Interior

  • Flooring: Wood

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: St. Louis
  • Township: Ely
  • Subdivision: Ely
  • Driving Directions: Sheridan St to 2nd Ave. Right on 2nd, property is on the corner of Chapman St and 2nd Ave

School Information

  • School District: 696 - Ely
  • High School District: Ely

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Oil

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation Size: 3125
  • Disability Access: None
  • Square Feet: 5,150
  • Finished Down/Base.: 5,150 Sq. Ft.
  • Current Bldg. Use: Manufacturing
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.071
  • Lot Dimensions: 25 x 125`
  • Frontage: City Street
  • Potential Use: Office, Professional Service, Retail
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $4,996
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT: 0012 BLOCK:015
  • Inclusions: Building
  • Property ID: 30001001810

Listed by Ely Realty

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— 145 E Chapman St —

  • Ely Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Request a Quote

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
8/17/2026
Listed
$275,000
103.7%
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
—
$199,300
11%
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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145 E Chapman Street, Ely, MN 55731 (MLS# 7130042) is a Commercial property. 145 E Chapman Street is currently listed for $275,000 and was received on August 17, 2026. Want to learn more about 145 E Chapman Street? Do you have questions about finding other Commercial 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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