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Land for Sale in Ely, Iowa

State St, Ely, IA 52227

$484,920
40.4 acres
Active
ago
Est $3,423/mo

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.

Location

Street address
State St
Elevation
728 feet
Coordinates
41.8809, -91.5959

Directions

From Ely: At the intersection of Mabie Rd. and Ely Rd. SW, 1/2 mile south on Ely Rd. SW; Ely Rd. SW becomes State St. Continue on State St. 1/4 mile south. The property is on the west side of State St.

Property details

Acreage
40.41 acres
MLS #
NCMLS 6334109
Posted

Property taxes

2025
$1,354

Parcels

  • 183032700300000

Legal description

Resources

Listing history

DateEventPriceChangeSource
Dec 3, 2025New listing$484,920NCMLS
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This 40.41-acre property is located at State St in Ely, IA 52227. The property is available for sale for $484,920 with a price per acre of $12,000.

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