1201 E South Street Mount Ayr, IA $ 1,100,000
1201 E South Street
$ 1,100,000
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1201 E South Street

Mount Ayr, IA, 50854
$ 1,100,000
Bedrooms-- Baths-- Sq 17,000

Monthly Estimate*

$ 6,773

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Commercial Property for sale in Mount Ayr, IA

for $1,100,000. This 17,000 square foot building was built in 1993 on a lot size of 2.

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.

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Commercial Active

Price

$ 1,100,000

Property Type

Commercial

Taxes

$ 20,664

Style

Mixed Use

Lot Size

2

Year Built

1993

Town/City

Mount Ayr

County/Region

Ringgold

MLS | Web ID

6105558

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Separate
Appliances Range Microwave Dishwasher Refrigerator
Development Status 0
Garage Spaces 8
Architectural Style Mixed Use
Construction Materials Brick Metal Siding
Year Built 1993
Tenant Pays Cable T.V. Electricity Fuel Trash Collection Water
Tax Year 2025
Current Use Commercial Office Professional Service Residential
Gross Income 161891.56
Accessibility None
County Ringgold
Net Operating Income 92437.56
Property Type Commercial Sale
Contingency None
MaintenanceExpense 37685
Possible Use Income Office
Status Active
Directions Intersection of highway 2 and highway 169 north.
Land Lease Amount 0
High School District Mount Ayr
Open Parking Spaces 12
Number Of Units Total 12
Lot Size Units Acres
Lot Size Square Feet 87120
Tax Annual Amount 20664
Fuel Expense 18173
Standard Status Active
Legal Description 7-68-29 A TRACT OF LAND LOCATED IN THE E 45 AC OF THE N 1/2 OF THE NE 1/4
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Interior
Flooring Carpet Tile Vinyl
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Exterior
Parking Features Attached Detached Garage Outside Concrete Paved
Water Source Public
Building Area Total 17000
Lot Dimensions 2.25 acres
Lot Size Acres 2
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* Excluded Features
List By
Jennifer Mercer

Listing Agent

South Central Iowa Realty

Broker

jenniferm@iowarealty.com

Email

Affordability Calculator

$8,495
Per Month
80%
20%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
$1,722
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5499918 Elementary School
5499917 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$1,100,000 Listed Price

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1201 E South Street, Mount Ayr, IA, 50854 is a Commercial Property for sale at $1,100,000 with 17,000 sqft and a lot size of 2. 1201 E South Street was built in 1993. The property's zip code is 50854 which is in Mount Ayr, IA