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.