2279 Grant Mcmahan Boulevard, Ely, MN
$ 2,250,000
Property Attributes
  • ID#6231217
  • TypeCommercial
  • CityEly
  • AreaMorse Town Of
  • NeighborhoodMorse Town Of
  • Zip55731
  • StyleResort
  • Year Built2013
  • Taxes$ 4180
  • Price$ 2,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7000
  • Lot Size10.73 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

WELL MAINTAINED FULL SERVICE BWCA AREA RESORT with BOOKS THAT SUPPORT THE ASKING PRICE. Set on paved road with 10.7 acres and 1,015 ft south facing lakeshore on beautiful Shagawa Lake, just 7 miles to Ely. Shagawa is a 2344 acre lake, 48 ft deep, historically one of the best walleye lakes in the area where anglers pursue them nearly year round. Property offers 10 cabins, fishing boat rentals & the largest fleet of pontoon boat rentals in the area. Ample room for expansion in this growing market. Turn key opportunity to own your own popular business on a popular lake!

Price History
7/8/2022 Listed $2,250,000

General Features

Accessibility None
Additional Parcels Y/N No
Association Amenities Beach, Deck, Porch
City Ely
Construction Materials Wood Siding
Contingency None
Cooling Window Unit(s)
County St. Louis
Current Use Resort
Directions From Ely, Hwy 169 to Grant McMahan Blvd to resort sign.
Heating Forced Air
High School District Ely
Lender Owned No
Levels One
Property SubType Resort
Property Type Commercial Sale
Roof Metal
Sewer Private Sewer
Standard Status Active
Street Name Grant Mcmahan
Subdivision Name Morse Town Of
Tax Annual Amount 4180
Tax Year 2022
Total Units 15
Utilities Electric Common, Heating Common
View East, Lake, Panoramic, South, West
Virtual Tour https://my.matterport.com/show/?m=LnTGC1eksJg&mls=1
Water Body Name Shagawa
Waterfront Features Lake Front
Waterfront Y/N Yes
Year Built 2013
Zoning Description Business/Commercial

Interior Features

Foundation Dimensions 50x27
Fuel Electric, Propane, Wood
Lake Acres 2344
Street Suffix Boulevard
Waterfront Feet 1015

Exterior Features

Foundationarea 7000
Inclusions Building, Business, Land
Lot Dimensions 1017X1015
Lot Features Irregular Lot
Lot Size Area 10.73
Lot Size Units Acres
Parking Features Gravel
Road Responsibility Public Maintained Road
Water Source Private


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55731

AVG $1.01M
AVG $5,025
Year Built
AVG 1948

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