$395,000
43 E Camp St Ely, MN 55731
For Sale MLS# 6125542
7,000 sq ft Commercial
Details for 43 E Camp St
MLS# 6125542
Description for 43 E Camp St, Ely, MN, 55731
**Prime Cannabis Retail Property – Downtown Ely, MN** **Over 7,000 sq ft Commercial Building** 43 E Camp Street, Ely, Minnesota This property is ideally located in the heart of downtown Ely and has already received full approval from the City of Ely Planning & Zoning for **cannabis retail** and **lower-potency hemp edibles**. A formal approval letter from the City is available upon request. Property is agent owned. Significant pre-opening work has already been completed, saving any new owner months of time and expense. This includes: - Detailed construction documents and build-out drawings - Comprehensive market analysis and financial projections (pro formas) - Extensive demolition and preparation in the upper suite (43 E Camp St, Suite 100) specifically designed for a modern cannabis dispensary **Property Highlights:** - **Upper Level (Suite 100)**: Partially demo’d and ready for dispensary build-out - **Lower Level**: More than 3,000 sq ft with its own private entrance, large dedicated parking lot, multiple offices of varying sizes, generous storage space, and two bathrooms. Currently configured as professional commercial space. - **Flexible Tenants**: The two businesses occupying the lower level are willing to terminate their leases or negotiate new terms with the incoming owner. This is a rare, shovel-ready opportunity to open a cannabis dispensary in an approved downtown location with strong foot traffic, excellent visibility, and immediate infrastructure in place. Take advantage of all the hard work already done — step in and start building your cannabis business in Ely! Serious inquiries only. Construction documents, financials, market study, and City approval letter available to qualified buyers.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 0.60 Acres
Square Feet: 7,000 sq ft
Year Built: 1910
Stories: 2 Story
Construction: Frame/Wood
Number Of Units Total: 4
County: St. Louis
Utilities
Water: City
Sewer: City
Heating: Electric
Exterior / Lot Features
Parking Description: Driveway - Asphalt
Exterior: Stucco, Wood
Roof: Asphalt Shingles
Lot Dimensions: 167x265
Additional Exterior/Lot Features: Road Frontage - City
Driving Directions
Heading East on HWY 169/E. Sheridan St. Right on North 1 St. to the Upper eastside entrance 43 E Camp St.
Financial Considerations
Terms: Cash,Contract for Deed,Conventional,Lease/Purchase
Tax/Property ID: 030-0280-00290, 030-0500-00324
Tax Amount: 5018
Tax Year: 2026
A broker reciprocity listing courtesy: Canoe Capital Realty, LLC - Chad Davis
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 43 E Camp St
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 43 E Camp 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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