FAQs about Offices for Sale in Ely
How many Office Space listings are available for sale in Ely?
Currently, there are 0 Office Space listings for sale near Ely, MN. LoopNet regularly showcases the most current office listings, with new properties added frequently.
What is the cost for Office Space for sale in Ely?
The average price per square foot for is about $658 for Ely Office Space. Requirements such as number of employees, parking and amenity options, market demand, age and condition of building, etc. help determine the price for Office Space in the Ely area.
How big is the Office Space available for sale in Ely?
The average size of Office Space available for sale in Ely, MN is approximately 5,560 SF. The largest office available is 10,000 SF and the smallest is 3,000 SF.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
What is the average cap rate for Office Properties in Ely?
Currently, the average cap rate for office properties in Ely, MN is typically 11.62%, with variations depending on specific submarkets, class of the property and current market conditions. Read through our article for more information about cap rates and what influences them.
What are the classifications of Office Buildings for sale in Ely?
- Class A office buildings are newer, high-quality constructions located in prime areas, offering top-tier amenities and professional management.
- Class B buildings are older but well-maintained, situated in accessible locations with standard amenities and the potential for upgrades.
- Class C office spaces are typically older structures in less desirable areas, offering fewer amenities and lower rental rates.
