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.
Pending
$484,920
State St, Ely, IA 52227
--beds
--baths
--sqft
Est.:
Farm
Built in ----
40.41 Acres Lot
$461,700 Zestimate®
$--/sqft
$-- HOA
What's special
Riding arenaSeven standard stallsTwo bedroomsFenced paddocksRecently renovated caretaker quartersSpacious indoor riding arenaMultiple small paddock pastures
- 27 days |
- 522 |
- 27 |
Zillow last checked: 8 hours ago
Listing updated: December 29, 2025 at 01:32pm
Listed by:
Troy Louwagie 319-721-4068,
HERTZ REAL ESTATE SERVICE
Source: CRAAR, CDRMLS,MLS#: 2509671
Originating MLS: Cedar Rapids Area Association Of Realtors
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 40.41 Acres
- Dimensions: 40.41
- Features: Gentle Sloping
Details
- Additional structures: Barn(s)
- Parcel number: 183032700300000, 183032700500000
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Location
- Region: Ely
Financial & listing details
- Annual tax amount: $1,354
- Date on market: 12/3/2025
- Electric utility on property: Yes
Estimated market value
$461,700
$439,000 - $485,000
$1,140/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Pending sale | $484,920 |
Source: | ||
| 12/3/2025 | Listed for sale | $484,920 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$3,145/mo
Principal & interest
$2337
Property taxes
$638
Home insurance
$170
Climate risks
Neighborhood: 52227
Nearby schools
GreatSchools rating
- 8/10Prairie Hill Elementary SchoolGrades: PK-4Distance: 3.7 mi
- 6/10Prairie PointGrades: 7-9Distance: 3.5 mi
- 2/10Prairie High SchoolGrades: 10-12Distance: 4.2 mi
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