$338,000
NEW CONSTRUCTION

1500 Main St Unit 202 Ely, IA 52227

Estimated payment $2,327/month

2 Beds
2 Baths
1,079 Sq Ft
$313 Price per Sq Ft

Highlights

  • Subterranean Parking
  • Living Room
  • Combination Kitchen and Dining Room
  • Prairie Ridge Elementary School Rated A-
  • Central Air
  • 1 Car Garage

About This Home

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.

Listing Agent

Jason Vestweber

SKOGMAN REALTY Listed on: 03/04/2026

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2026

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • Subterranean Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Home to be built
  • Frame Construction
  • Vinyl Siding
  • Siding

Interior Spaces

  • 1,079 Sq Ft Home
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • College Comm Elementary And Middle School
  • College Comm High School

Utilities

  • Central Air
  • Geothermal Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 18311-27012-00000

Community Details

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Year Built

Built in 2026

Lot Details

0 Sq Ft Lot

HOA Fees

$250 per month

Parking

1

Listing Details

  • Association Fee Frequency: Monthly
  • Property Type: Residential
  • Property Sub-Type: Condominium
  • NAV29_Unit_1_Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Range Hood, Washer
  • Reso Pets Allowed: Number Limit, Size Limit, Yes
  • Co List Office Phone: 319-366-6427
  • MLS Status: Active
  • Directions: South on Ely Road, East on Dows. Corner of Main and Dows.
  • Above Grade Finished Sq Ft: 1079.0
  • Architectural Style: See Remarks
  • Reso Interior Features: Kitchen/Dining Combo, Bath in Primary Bedroom, Upper Level Primary
  • ResoPropertyCondition: To Be Built
  • ResoRoomType: Living Room
  • Year Built: 2026
  • Property Sub Type Additional: Condominium
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Basement: See Remarks
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Composite Siding, Frame, Vinyl Siding
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Underground, Garage, Off Street, On Street

Utilities

  • Sewer: Public Sewer
  • Green Building Features: Elevator(s)
  • Cooling: Geothermal, Central Air
  • Cooling Y N: Yes
  • Heating: Geothermal
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250.0
  • Association: Yes

Schools

  • Elementary School: College Comm
  • High School: College Comm
  • Middle Or Junior School: College Comm

Lot Info

  • Lot Dimensions: n/a
  • ResoLotSizeUnits: Acres
  • Parcel Number: 18311-27012-00000

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2026 03/04/26 For Sale $338,000 -- $313 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2601456

Cedar Rapids Area Association of REALTORS®
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