Listing Agency: SKOGMAN REALTY COMMERCIAL Show Phone

Listed By: Brian Rosteck · License #B59904000 Show Phone

Source: Exprealty

Added: Jun 9, 2023 Changed: Oct 5 Last Checked: Oct 19 at 10:10AM

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Investment Insights

Based on property information with market context.

Main Street Legacy is a new commercial development planned for retail and restaurant occupancy. Available suites range from 1,670 SF to 5,153 SF, with access to both the street frontage and Cedar Valley Nature Trail frontage. The layout supports a range of commercial suite sizes within a coordinated development setting.

Outdoor areas along the bike trail include patios and green space, extending the usable setting beyond the interior suites. The property’s new address will be 1500 Main St in Ely, Iowa.

Key Highlights

• Retail and restaurant suites available from 1,670 SF to 5,153 SF
• Frontage oriented toward both Main Street and Cedar Valley Nature Trail
• Patios and green space positioned along the bike trail

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

8k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Ely Shops & Services

7,844 visits/mo 0.3 miles

Demographics for 52227, IA

3,089

Population

1,121

Households

2.8

Avg Household Size

37

Median Age

36%

College-Educated

97%

High-School Grad

29.4 sq mi

ZIP Area

105

Density / Sq Mi

$111,000

Median Household Income

$55,861

Median Earnings

$973

Median Rent

$299,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - New commercial suites offer storefront exposure, trail-facing frontage, patios, and adjacent green space for retail or restaurant use.

Where is this retail space located?

The property is located at 4-1500 Main St Ely, IA.

What are key features of this property?

This property features: Retail and restaurant suites available from 1,670 SF to 5,153 SF; Frontage oriented toward both Main Street and Cedar Valley Nature Trail; Patios and green space positioned along the bike trail