29 E Chapman St, Ely, MN 55731 (MLS # 6126526)

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PRICE $230,000 SIZE 7,000 sqft LOT SIZE 6,534 sqft Request More Info Schedule a Showing

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.