43 E Camp St, Ely, MN 55731
43 E Camp St, Ely, MN 55731
43 E Camp St, Ely, MN 55731
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Alexander Dempsey

Alexander Dempsey

+1(715) 681-2879
Listed by Chad Davis Canoe Capital Realty, LLC
$265,000
Est. payment /mo
7,000 SqFt
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Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $37

MLS Listing ID LSA6125542

HOA Y/N No

Year Built 1910

Annual Tax Amount $5,018

Tax Year 2026

Lot Size 0.600 Acres

Acres 0.6

Lot Dimensions 167x265

Property Sub-Type Business Opportunity

Source lsar

Property Description

**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.

Location

State MN

County St. Louis County

Area Lsar

Direction Heading East on HWY 169/E. Sheridan St. Right on North 1 St. to the Upper eastside entrance 43 E Camp St.

Rooms

Basement Full

Interior

Heating Electric

Inclusions Building

Exterior

Parking Features Asphalt

View Y/N No

Roof Type Asphalt

Garage No

Building

Foundation Concrete, Stone

Sewer Public Sewer

Water City

Structure Type Stucco,Wood

Others

Acceptable Financing Cash, Contract, Conventional, Lease/Purchase

Listing Terms Cash, Contract, Conventional, Lease/Purchase

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Alexander Dempsey

Alexander Dempsey

+1(715) 681-2879

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