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Description

Prime mixed-use investment on Main Street in charming Ely, IA. This versatile property offers multiple income streams with commercial space at street level and 4 residential rental opportunities (1 down, 3 above). Excellent visibility and foot traffic support a variety of business uses, while residential units benefit from strong local demand. Ideal for investors or owner-occupants seeking steady cash flow and long-term appreciation. Located just minutes from Cedar Rapids and Iowa City, combining small-town appeal with convenient access to major markets. A rare opportunity to add a flexible, income-producing asset to your portfolio. Listing includes vacant lot next to building. Plans available upon requests for future build-out of additional rental units.

Listing ID #202600761

Commercial Sale

1680-1690 Dows St
Ely, Iowa 52227

$449,000
Lot Size0.13 Acre
Country : US
State : IA
County : Linn
City : Ely
Zipcode : 52227
StatusActive
Listing Agent
Christy Sands
Edge Realty Group
Mortgage Calculator
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Features
202600761
Brick
380 to Hwy 30 East to C St exit heading South. Go East on Ely Rd into town of Ely. Go East onto Dows St, 1690 Dows is 4 blocks up on the right. On the corner of Dows and Main St.
Additional Details
0.13 Acre
Central Air, Zoned
Forced Air
Tar Gravel
01-26-2026
80x70

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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