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.

Features
Parking:
Detached Garage, Concrete, Attached, Outside, Paved
Flooring:
Carpet, Vinyl, Tile
Sewer:
City Sewer/Connected
Utilities:
Electric Separate, Heating Separate, Hot Water Separate
Architectural Style:
Mixed Use
Appliances
Appliances:
Range, Dishwasher, Refrigerator, Microwave
Address Map
Country:
US
State:
IA
County:
Ringgold
City:
Mount Ayr
Zipcode:
50854
Street:
South
Street Number:
1201
Street Suffix:
Street
Directions:
Intersection of highway 2 and highway 169 north.
Street Dir Prefix:
E
Neighborhood
High School District:
Mount Ayr
MLS Addon
Agent First Name:
Jennifer Mercer
Office Name:
South Central Iowa Realty
List Office MLSID:
27908
Association Fee:
$0
Sold Price:
$0
Original List Price:
$0
Prior List Price:
$0
List Price Low:
$0
List Price High:
$0
Insurance Fee:
$0
Percent Price Difference:
$0
Search Price:
$0
Gross Income:
$0
NetIncome:
$0
Expense Insurance:
$0
Gross Taxes:
$0
Tax With Assessments:
$0
Net Taxes:
$0
Additional Information
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
Accessibility Features:
None
Building Size:
17000
Construction Materials:
Brick, Metal Siding
Current Use:
Office, Professional Service, Commercial, Residential
Financial
Tax Annual Amount:
20664
Listing Information
List Agent Mls Id:
277223
List Office Mls Id:
27908
Mls Status:
Active
Modification Timestamp:
2026-06-20T01:01:38Z
Originating System Name:
NoCoast

Commercial Sale

1201 E South Street, Mount Ayr, Iowa 50854

2 Acre
$1,100,000
Listing ID #6105558
Basic Details
Listing Status :
Active
Property Type :
Commercial Sale
Listing Type :
For Sale
Listing ID :
6105558
Price :
$1,100,000
Lot Area :
2 Acre
Year Built :
1993
Agent info
Paula Mc Claflin
Paula Mc Claflin
  • Female
  • ,082813557,219138,
Stoney Oak Properties, L.L.C.
Stoney Oak Properties, L.L.C.
Address: 201 South Main St Osceola, IA 50213
I really like to help people find their dream homes, but even more, I like to buy and remodel homes! I find comfort and fun in purchasing a house and restoring it back to its former glory. The same holds true for buildings — I purchased the old Hart’s Bridal shop in the late fall of 2013 and basically gutted it and started over. I knew I wanted a firm where anyone that walked through my door would feel welcomed and my agents would love a great place to work! That dream has become a reality with four new agents and a finished building for our office to call home.
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