Commercial (5+ Units) For Sale

1201 South, Mount Ayr, Iowa 50854-5702

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Property 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 along with several small businesses who lease private space along with shared common area. There is a current property manager and maintenance person who would continue to handle these responsibilities if buyer is interested in a property management specialist. The complex had a new roof put on in the summer of 2023 and each apartment unit was remodeled/updated in 2021/2022! Listing agent can provide financials to serious buyers. 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!!

Basic Details
Property Type : Commercial (5+ Units)
Listing Type : For Sale
Price : $799,000
Status : Active
Days On Market : 766
Year Built : 1993
Lot Area : 2 Acre
Features
Heating System : Forced air
Cooling System : Central
Water : City Water/Connected
Water/Sewer : City Sewer/connected
Construction
Zoning : Business/Commercial
Exterior : Metal, Brick/stone
Other
Tax Year : 02/12/2024
Fuel Type : Natural gas
Auction YN : 1
Appliances : Dryer,dishwasher,microwave,stove,washer
WindowFeatures : Blinds,windowtreatments
Style : Apartment
Address : 1201 E South Street
Status : Active
Municipality : Mount Ayr
Insurance Fee : $5,196
Taxes : $22,746
LA1Agent First Name : Jennifer
LA1Agent Last Name : Mercer
Listing Office Info
Listing ID : 6137080
List Office MLSID : 172
List Agent MLSID : 4741
Community
School District : 4527 - Mount Ayr
Location
Street Number : 1201
Street : South
Country : US
State : IA
County : Ringgold
City : Mount Ayr
Zipcode : 50854-5702
Longitude : W95° 46' 32.7''
Latitude : N40° 42' 38.1''
Directions : Intersection of highway 2 and highway 169 north.
Commercial (5+ Units) For Sale
  • Listing ID : 6137080
  • Lot Area : 2 Acre
  • Visits : 89 in 867 days
$799,000
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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