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1201 E South Street, Mount Ayr, Iowa 50854

IA, Mount Ayr
$1,100,000
  • 2 Acre
  • Commercial Sale Property Type
  • 1993 Year Built
  • Active Status
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.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6105558
  • Price: $1,100,000
  • Year Built: 1993
  • Lot Area: 2 Acre
  • Status: Active
  • Office Name: South Central Iowa Realty
  • Agent Name: Jennifer Mercer
Features
  • Heating System Forced Air
  • Cooling System Central Air
  • Parking Detached Garage,Concrete,Attached,Outside,Paved
  • Architectural Style Mixed Use
  • Flooring Carpet,Vinyl,Tile
  • Sewer City Sewer/Connected
  • Utilities Electric Separate,Heating Separate,Hot Water Separate
Appliances
  • Range
  • Microwave
  • Dishwasher
  • Refrigerator
Address Map
  • Country US
  • State IA
  • County Ringgold
  • City Mount Ayr
  • Zipcode 50854
  • Street: South
  • Street Number: 1201
  • Street Suffix: Street
  • Longitude: W95° 46' 32.7''
  • Latitude: N40° 42' 38.1''
  • Directions: Intersection of highway 2 and highway 169 north.
  • Street Dir Prefix: E
Neighborhood
  • High School District: Mount Ayr
Additional Information
  • Accessibility Features: None
  • Building Size: 17000
  • Construction Materials: Brick,Metal Siding
  • Current Use: Commercial,Office,Professional Service,Residential
  • Garage: 8
  • Lot Size Dimensions: 2.25 acres
  • Number Of Units Total: 12
  • On Market Date: 2021-09-24
  • Possible Use: Income, Office
  • Previous Price: 600000
  • Water Source: Public
Financial
  • Tax Annual Amount: 20664
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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