ZIP 55731 — Business Opportunities

Top business opportunities in 55731

The highest-scored business categories to consider opening in Ely, MN, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Medical & Healthcare 100/100
   ~0.7 businesses underserved · confidence: medium
2. 2. Dental 96/100
   ~0.7 businesses underserved · confidence: medium
3. 3. Sports Centre 69/100
   ~0.5 businesses underserved · confidence: medium
4. 4. Marina 69/100
   ~0.7 businesses underserved · confidence: medium
5. 5. Alternative 69/100
   ~0.5 businesses underserved · confidence: medium
6. 6. Hair Salons 69/100
   ~0.9 businesses underserved · confidence: medium
7. 7. Post Box 69/100
   ~0.5 businesses underserved · confidence: medium
8. 8. Books & Stationery 69/100
   ~0.3 businesses underserved · confidence: medium
9. 9. Doctors 69/100
   ~0.3 businesses underserved · confidence: medium
10. 10. Social Facility 69/100
    ~0.8 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 55731.

• Restaurants — 10 businesses
• Hotels & Lodging — 8 businesses
• Religious — 6 businesses
• Boat Rental — 6 businesses
• Banking & Finance — 5 businesses
• Clothing & Apparel — 5 businesses
• Gas Stations — 4 businesses
• Fast Food — 4 businesses
• Gifts & Specialty — 4 businesses
• Attraction — 4 businesses
• Slipway — 3 businesses
• Convenience Stores — 3 businesses
• Outdoor — 3 businesses
• Park — 2 businesses
• Bars & Nightlife — 2 businesses

Full demographic profile

Population	5,297
Households	2,686
Median household income	$61,394
Per capita income	$37,714
Median age	57.8
% bachelor's degree or higher	37.989%
% age 18–34	18.218%
% age 65+	22.975%
% renter-occupied	13.794%
Median home value	$198,500
Median gross rent	$589
Unemployment rate	2.056%

Nearby ZIPs in MN

55803 Duluth · 55804 Duluth · 55805 Duluth · 55806 Duluth · 55807 Duluth · 55808 Duluth