$230,000
29 E Chapman St Ely, MN 55731
For Sale MLS# 6126526
7,000 sq ft Commercial
Details for 29 E Chapman St
MLS# 6126526
Description for 29 E Chapman St, Ely, MN, 55731
Bring your vision to one of downtown Ely’s most versatile commercial properties. Offering approximately 7,000 square feet across two full levels, this building provides an impressive amount of space, flexibility, and income-producing potential in a high-visibility location near the heart of downtown. The main floor includes approximately 3,450 square feet and is well-suited for a wide range of commercial uses. Its combination of open floor space, private offices, bathrooms, utility area, and rear access options creates exciting potential for retail, office, studio, service-based, recreational, or light commercial use. The layout may also allow the main level to be separated into two individual business spaces, offering flexibility for an owner-occupant, investor, or entrepreneur looking to launch multiple concepts under one roof. The upper level offers another 3,450 square feet and is currently configured with expansive gathering areas, a stage area, kitchen space, bathrooms, and a private room ideal for an office or storage. With a separate entrance, this level could continue as a commercial space, be used for events or entertainment, or potentially be converted into residential apartments. A rear patio area adds additional usable space, complemented by ample off-street parking. With two full levels, separate access points, and a layout that invites creativity, this property is ready for someone with imagination and ambition. From boutique retail, professional offices, studio space, entertainment, mixed-use redevelopment, or income-producing apartments, the possibilities are wide open for the next owner to create something truly special in downtown Ely.
Listing Information
Property Type: Commercial
Status: Active
Bathrooms: 2
Lot Size: 0.15 Acres
Square Feet: 7,000 sq ft
Year Built: 1963
Stories: 2 Story
Construction: Concrete Block
Number Of Units Total: 2
County: St. Louis
School Information
District: Ely #696
Room Information
Bathrooms
1/2 Baths: 2
Interior Features
Additional Interior Features: Kitchen Area, Restrooms
Utilities
Water: City
Sewer: City
Heating: Baseboard, Oil
Exterior / Lot Features
Parking Description: Driveway - Asphalt
Exterior: Concrete Block
Roof: Flat
Lot Dimensions: 54 x 125
Additional Exterior/Lot Features: Road Frontage - City
Unit Information
Unit 1 Baths Total: 2
Unit 1 Rooms Total: 3
Unit 2 Baths Total: 1
Unit 2 Rooms Total: 3
Driving Directions
In Ely Take Central Ave. South to Chapman St. Turn left and follow to 29 E Chapman St. on the North side of the street.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 030-0010-01300
Tax Amount: 2753
Tax Year: 2026
A broker reciprocity listing courtesy: Bear Island Realty LLC - Kate Davies
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Duluth Area Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Duluth Area Association of REALTORS® MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Duluth Area Association of REALTORS® MLS. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 29 E Chapman St
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 29 E Chapman St
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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