1201 E South ST, Mount Ayr, IA 50854
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1201 E South ST, Mount Ayr, IA 50854
1201 E South ST, Mount Ayr, IA 50854
1201 E South ST, Mount Ayr, IA 50854
1201 E South ST, Mount Ayr, IA 50854
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Amber Lesnick

Amber Lesnick

+1(515) 229-3402
Listed by Jennifer Mercer South Central Iowa Realty
$ 1,100,000
Est. payment /mo
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1201 E South ST Mount Ayr, IA 50854

17,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 17,000 sqft

Price per Sqft $64

Municipality Mount Ayr

MLS Listing ID NOC6105558

Style Mixed Use

Maintenance Fees $37,685

Construction Status Previously Owned

Year Built 1993

Annual Tax Amount $20,664

Tax Year 2025

Lot Size 2.000 Acres

Acres 2.0

Lot Dimensions 2.25 acres

Property Description

Investment Opportunity in Mount Ayr, Iowa! Discover the potential of this exceptional income-producing property featuring a 12-unit apartment complex, commercial office space, and over 2 acres of prime commercial real estate in a highly visible location along Highway 2. All apartment units offer 2 bedrooms, 1 bathroom, and in-unit laundry, providing desirable amenities for tenants. The commercial space is currently occupied by a medical office and offers additional room for expansion or the addition of other businesses. With over 2 acres of land, this property presents an excellent opportunity for future development, including additional rental units or commercial improvements to maximize income potential. Strategically located on Highway 2, the property benefits from strong traffic exposure and easy accessibility, making it an attractive investment for both residential and commercial tenants. Contact the listing agent today for additional details and financial information.

Location

State IA

County Ringgold

Direction Intersection of highway 2 and highway 169 north.

Rooms

Other Rooms Amusement/Party Room, Community Room, Sun Room

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Appliance Range, Microwave, Dishwasher, Refrigerator

Exterior

Parking Features Attached, Detached Garage, Outside, Concrete, Paved

Garage Spaces 8.0

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

View Y/N true

Accessibility None

Total Parking Spaces 12

Building

Sewer City Sewer/Connected

Water Public

Architectural Style Mixed Use

Structure Type Brick,Metal Siding

Construction Status Previously Owned

Schools

School District 4527 - Mount Ayr

Others

Energy Description Natural Gas

Acceptable Financing NOC6105558

Listing Terms NOC6105558

NEARBY SCHOOL & BUSINESS

Amber Lesnick

Amber Lesnick

Managing Broker/Owner

+1(515) 229-3402

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1201 E South ST