Commercial Real Estate Market in Ely, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 75 off-market properties in Ely, IA.
Market Trends
Ely, IA spans 29.4 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Ely, IA asks $136/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Ely, IA asks $152/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ely, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Ely, IA asks $115/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.1%
- Agricultural 19.4%
- Commercial 11.1%
- Civic 4.9%
- Industrial 4.5%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Highway Commercial
Public Use
Light Industrial
Ely, IA zones 1,055 acres across 14 districts. Commercial zoning covers 11.1% of zoned land, residential 60.1% and industrial 4.5%. The largest single district is Single Family Residential at 47.9%. For commercial buyers the practical constraint is that only 15.6% of land carries a commercial or industrial designation.
Agricultural (A-1)
SE TYPES -78- P = Permitted Use C = Conditional Use -79- CHAPTER 167 ZONING DISTRICTS 167.01 Zoning Districts Established 167.10 Residential Mobile Home Park/Manufacture 167.02 Agricultural District (A-1) Home Park/Factory-Built Home Park District 167.03 Rural Residential (R-R) (MH-R) 167.04 Single Unit Residential (R-1) 167.11 Central Bu…
Market overview
Demographics & Economy
Ely, IA has 3,089 residents in 1,121 households. Density runs 105 people per square mile. Median household income here is $111,000 and median gross rent $973 a month.
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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shueyville | — | — |
| Twin View Heights | — | — |
| Bertram | — | — |
| Swisher | — | — |
Commercial property in Ely, IA asks $401/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ely?
Commercial property in Ely, IA asks an average of $401 per square foot. Retail carries the highest asking price at $152/SF.
What zoning applies to commercial property in Ely?
Ely, IA zones 1,055 acres across 14 districts, of which 11.1% is commercial and 4.5% industrial. The largest single district is Single Family Residential at 47.9% of zoned land. Residential zoning covers 60.1% and open space 0%.
Where does Realmo's Ely market data come from?
Realmo compiles Ely, IA figures from 2 recent recorded sales, 5 active sale listings, 1 active lease listings, 75 tracked off-market properties, the current Ely zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 1 active for-lease listings in Ely, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,055 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
