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State St. Ely, IA 52227 • Land - Farm • Pending

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Description

With a prime location just off State St. in the City of Ely, this property features a riding arena, horse stalls, and multiple small paddock pastures, making it an excellent setup for a horse boarding facility. A well-appointed 60' x 102' pole barn, constructed around 1990, includes three lean-tos. The main level of the barn features a spacious indoor riding arena, seven standard stalls, and one oversized 10' x 12' stall. The heated portion of this level offers eight additional stalls, a tack room with its own bathroom, and a convenient wash rack. Upstairs, recently renovated caretaker quarters provide two bedrooms, a kitchen/living area, and a full bath. Two open-front horse shelters are found in the fenced paddocks. Hoosier Creek passes through the property. West of the creek is a mature stand of timber with a mixture of walnut, oak, hackberry and elm trees.

Property Highlights

Property Type: Land - Farm
Total Acres: 40.41 Acres
Utilities: Electricity Available, Natural Gas Available

General Information

County: Linn
Listed By:
HERTZ REAL ESTATE SERVICE 319-895-8858 Troy Louwagie
Cedar Rapids MLS
$484,920
Est. $3,173/mo
Pending
LOT SIZE 40.410 acres MLS#2509671
STATUSPending PROPERTY TYPELand - Farm
TOUR PROPERTY

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Agent Name: Craig Kuepker
 Agent Phone: (319) 430-6779
 Agency Title: Ruhl&Ruhl Realtors
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State St., Ely, IA 52227.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $484,920$484,920$484,920
Down Payment $96,984$16,972$121,230
Monthly Mortgage Amount $2,357$2,855$2,996
Taxes $675$675$675
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$213$0
Monthly Estimated Total $3,173$3,884$3,812

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About this area

Iowa/Ely
Ely

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Find homes for sale in Ely, Iowa and learn about the local community and real estate market.

With a growing population and a great location between two of Iowa’s biggest cities, Ely shows a lot of great promise. No matter your reason for moving, Ruhl&Ruhl Realtors has real estate options and homes for sale in Ely, IA. Continue browsing this page to see all houses for sale in Ely, IA. If you need to do a little more research before buying, check out the pages below for additional options.

 

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Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/30/2026. The listing information on this page last changed on 03/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 03/30/2026 4:12:31 AM EST) or MRED MLS (last updated Mon 03/30/2026 2:04:15 AM EST) or SCWMLS (last updated Sun 03/29/2026 11:54:57 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 03/29/2026 10:15:16 PM EST) or Cedar Rapids MLS (last updated Sun 03/29/2026 10:44:52 PM EST) or NEIRBR MLS (last updated Mon 03/30/2026 1:18:42 AM EST) or ICAAR MLS (last updated Sun 03/29/2026 11:37:30 PM EST) or ECIMLS (last updated Sun 03/29/2026 11:44:17 PM EST) or RMLSA (last updated Mon 03/30/2026 1:10:56 AM EST) or Muscatine MLS (last updated Mon 03/30/2026 2:00:22 AM EST) or No Coast MLS (last updated Mon 03/30/2026 12:44:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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