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New
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$999,500

For Sale

2 hours ago

1201 E South Street, Mount Ayr, IA

House

MLS® 6343602

0 Bed

0 Bath

--

20 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage Yes
Taxes $22,620
Days Active 0
Lot Size 2.25 Acres
Approx. Age 1993
MLS® Number 6343602

Property Address: 1201 E South Street, Mount Ayr, IA, 50854-5702

Average square foot calculated using Size range provided by listing agent.

Description

12-Unit apartment complex, office, and retail space, all available on over 2 acres of prime commercial Mount Ayr, Iowa, real estate. Current office/retail space is home to a clinic who leases private space along with shared common area - more space available for new lease contracts. The complex had a new roof the summer of 2023 and each apartment unit was remodeled/updated in 2021/2022! Nine of the apartment units have on site garage parking and complex offers a central space for small gatherings or socializing for tenants only. It's a great location right on Highways 2 & 169 and across from our new Casey's General Store!! Owners will release current income figures and potential income from space not rented to motivated buyers with offer ready and proof of financing or cash. It's a prime development property with highway frontage begging for new construction for additional income opportunities or management living quarters! Located just a mile north of Mount Ayr Industrial Park, Country Club and American Legion - a brief walk to the Mount Ayr Airport and Mount Ayr Inn when your have overnight visitors! It's an unmatched opportunity in Southern Iowa!
MLS® Number6343602
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1993
Basement
DrivewayAttached, Detached Garage, Outside, Concrete, Paved
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 10, 2026List Date
$999,500List Price
-End Date
Not Sold YetSold Price

For Sale

Sep 24, 2021List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
1201 E South Street, Mount Ayr, IA

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