Your Business. In the Downtown District.
We create and lease fresh and revived spaces in downtown Ely. Our vision is a growing creative community full of artists, entrepreneurs, businesses and restaurants that make downtown a place where people want to be.
Featured Spaces
Storefronts, offices and apartments in historic buildings along Sheridan Street. Call to tour any space or ask about upcoming projects.
All of our spaces are currently leased at this time.
Spaces open up from time to time, so we'd still love to hear from you. Get in touch and tell us about your business or your ideas for downtown Ely, and we'll reach out when the right space becomes available.
Nothing in this category right now. New spaces open up regularly, so tell us what you're looking for and we'll reach out.
Historic Buildings, New Life
From Ely’s historic railroad depot to a 1936 Art Deco movie theater and the town’s longest-running drugstore, each of our Ely projects reveals layers of history and character along the way.
Ely Depot
Our newest project brings Ely’s historic railroad depot back to life, with restored siding, windows and trim and new space for local businesses.
Learn More about Ely Depot
Explore our Ely projects.
The Ely Depot, the State Theater, the James Building, Fisherman’s Headquarters and more. Learn about the history of Ely, MN!
A Downtown with a Wilderness Backyard
Downtown Ely sits at the edge of the Boundary Waters Canoe Area Wilderness, the most visited wilderness in the United States. Outfitters, galleries, cafés and local shops line the streets for residents and visitors to enjoy!
Walkable & historic
Ely grew up as an iron mining town in the late 1880s, and many of its original brick and frame storefronts still stand along Sheridan Street. We’re working to highlight Ely’s charm and character, one building at a time.
We love it all year!
Paddlers and anglers fill downtown in summer, fall brings color to the North Woods, and winter means dog sledding, cross-country trails and the Ely Winter Festival.
Why Ely
Ely’s Historic State Theater
Book a stay at the State Theater Loft, right on Sheridan Street in the heart of downtown Ely.
Book it here
Rooted in Downtown Ely
Our mission is to renovate and lease properties to create vibrant communities. We invest in downtown Ely with a long-term perspective and work with entrepreneurs, restaurants, artists and professionals to find a space that helps their business thrive.
Our Customers Making Headlines
The Ely Echo
Chapman Street Block Party Returns for a Second Year
Potluck Kitchenware and Boundary Waters Connect close Chapman Street on Oct. 7 for live music, games and food.
Read the article
The Ely Echo
Over 200 Gather to Celebrate the State Theater’s 90th Anniversary
A gala with live music and a documentary premiere marked 90 years of Ely’s Historic State Theater.
Read the article
The Timberjay
Parties and Pasties: A Recipe for Leadership at the Ely Folk School
A look at leadership, community gatherings and pasties at the Ely Folk School.
Read the articleLet's Find Your Space
Whether you need a small office or a storefront on Sheridan Street, we're here to help. Let's talk!
