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State St. Ely, IA 52227 Land - Farm

Pending
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Description

40.41 acres, m/l, located on the west edge of Ely, Iowa on the west side of State St. 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. This property is currently zoned R-1. We are in the process of rezoning the property to A-1, allowing it to continue to be used as a horse boarding facility.

Property Highlights

Property Type: Land - Farm
Total Acres: 40.41 Acres
Zoning: Other, Residential-Single

General Information

County: Linn
Listed By:
Hertz Real Estate Services 515-382-1500
No Coast MLS
$484,920
Est. $3,080/mo
Pending
LOT SIZE 40.410 acres MLS#6334109
STATUS PROPERTY TYPELand - Farm

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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 $2,264$2,779$2,948
Taxes $675$675$675
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$213$0
Monthly Estimated Total $3,080$3,808$3,764

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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 03/06/2026. The listing information on this page last changed on 03/06/2026. 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 Fri 03/06/2026 7:40:37 AM EST) or MRED MLS (last updated Fri 03/06/2026 7:20:16 AM EST) or SCWMLS (last updated Thu 03/05/2026 11:55:00 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 03/05/2026 10:15:26 PM EST) or Cedar Rapids MLS (last updated Fri 03/06/2026 6:51:54 AM EST) or NEIRBR MLS (last updated Fri 03/06/2026 7:38:53 AM EST) or ICAAR MLS (last updated Thu 03/05/2026 11:37:42 PM EST) or ECIMLS (last updated Thu 03/05/2026 11:44:23 PM EST) or RMLSA (last updated Fri 03/06/2026 1:11:05 AM EST) or Muscatine MLS (last updated Fri 03/06/2026 2:00:32 AM EST) or No Coast MLS (last updated Fri 03/06/2026 7:04:07 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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