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Listed price in listed location currency (USD).
$395,000

000

MLS® 6125542

  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size 7000 sqft
Garage 
Taxes $5,018
Days Active 0
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $56
MLS® Number 6125542

Property Address: 43 E Camp St, Ely, MN, 55731

Average square foot calculated using Size range provided by listing agent.

Description

**Prime Cannabis Retail Opportunity – 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. 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.
MLS® Number6125542
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementFull
DrivewayAsphalt
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 26, 2026List Date
$395,000List Price
  • Commute

Commute

Starting Address
Destination Address
43 E Camp St, Ely, MN

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