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1500 Main St 200, Ely, IA 52227

Linn County

Key Facts

3Beds
2Baths
2,355Sq Ft
2026Year Built
1Garage

Description

Experience elevated living at Main Street Legacy Lofts, The Corridor’s newest luxury loft community located in the heart of downtown Ely. These thoughtfully designed residences combine modern elegance with small-town charm, offering spacious 2-bedroom units and a limited final 3-bedroom opportunity. The 2-bedroom lofts, designed by the renowned Melanie Olsen Design Group, feature stunning high-end finishes and carefully curated details throughout. Buyers can choose between two distinctive interior styles — one featuring sleek black accents and another with elegant gold finishes — each creating a sophisticated and modern atmosphere. Every unit offers generously sized bedrooms, an open and comfortable layout, and private balconies perfect for relaxing or enjoying the downtown Ely setting. Residents will also enjoy the convenience of in-unit laundry with a washer/dryer combo, dedicated storage units, and both indoor and outdoor parking options. Main Street Legacy Lofts also provides unique amenities rarely found in smaller communities, including a shared common kitchen and gathering space ideal for hosting friends, family, or community events, along with secure elevator access for comfortable everyday living. Located in the highly desirable College Community School District, this prime location offers quick access to the interstate and sits conveniently between Cedar Rapids and Iowa City, making commuting simple while still enjoying the charm and walkability of downtown Ely. With only one 3-bedroom loft remaining, now is your chance to secure a one-of-a-kind luxury residence in one of the corridor’s most desirable growing communities. Photos are of a similar 2 bedroom unit.

Property Information

Property Type

Residential

Sub-Type

Condominium

Style

See Remarks

Year Built

2026

Living Area

2,355 sq ft

Lot Dimensions

n/a

Garage Spaces

1

Days on Market

51

MLS® Listing#

2601454

Property Features

Interior

Elevator

Appliances

DryerDishwasherDisposalMicrowaveRangeRefrigeratorRange HoodWasher

Cooling

GeothermalCentral Air

Heating

Geothermal

Parking

UndergroundGarageOff StreetOn Street

Construction

FrameVinyl Siding

Sewer

Public Sewer

Water Source

Public

Rooms

  • Second

Schools

Elementary:
College Comm
Middle:
College Comm
High:
College Comm

Financial Details

HOA

$350 / Monthly

Parcel Number

18311-27012-00000

Directions

South on Ely Road, East on Dows. Corner of Main and Dows.

Affordability Calculator

$144,000

Estimated monthly payment

$3,832/mo

Principal $576,000 · Est. interest $803,571 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Ely, IA

$333,333
Median Listing Price
132
Median Days on Market
1,079
Median Sq Ft
$313
Median Price / Sq Ft
24
Active Listings
  • This home’s price is 116% above the area median.
  • Its price per sq ft is 2% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Ely, IA.

Location

Map showing the location of 1500 Main St 200, Ely, IA 52227

Getting Around

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Points of Interest in Ely, IA

Showing the Ely area map.

Nearby Schools

  • Prairie Creek

    School · 3.9 mi away

  • Prairie Point Middle School

    Secondary · 4.1 mi away

  • Prairie High School

    Secondary · 4.6 mi away

  • Prairie Pointe Middle School

    School · 4.8 mi away

  • Prairie Edge

    School · 5.0 mi away

  • Lakeview Elementary School

    Elementary · 6.2 mi away

  • Solon Middle School

    Secondary · 6.4 mi away

  • Solon High School

    Secondary · 6.4 mi away

  • Solon Community Schools

    School · 6.6 mi away

  • Solon Intermediate School

    Elementary · 6.6 mi away

  • Spartan Early Childhood Center

    School · 6.6 mi away

  • Champions at Grant Elementary School

    Elementary · 6.8 mi away

  • Grant Elementary School

    Elementary · 6.8 mi away

  • Wilson Middle School

    Secondary · 7.0 mi away

  • Washington High School

    Secondary · 7.1 mi away

  • Holy Family School System

    School · 7.1 mi away

  • All Saints Elementary School

    Elementary · 7.5 mi away

  • Erskine Elementary School

    Elementary · 7.5 mi away

  • Metro High School

    Secondary · 7.7 mi away

  • Hacap

    School · 7.9 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
1500 Main St 200, Ely, IA$720,000322,355

Moving Cost Estimate

EXIT Agents in Ely

Listing Courtesy: SKOGMAN REALTY - 3193666427

Presented by: Jason Vestweber

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Copyright ©2026 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by CedarRapidsAreaAssociationOfRealtors. MLS® Listing#2601454. © 2026EXIT Realty®. All rights reserved.