116 S Main Street Mount Pleasant, IA ^$ 215,000

116 S Main Street

^$ 215,000

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Recently Listed

116 S Main Street

Mount Pleasant, IA, 52641

^$ 215,000

Bedrooms-- Baths-- Sq 5,875

Monthly Estimate*

^$ 1,358

116 S Main Street, Mount Pleasant, IA 52641 - Image 1

Commercial Property for sale in Mount Pleasant, IA

for $215,000. This 5,875 square foot building was built in 1887 on a lot size of 0.09.

Investors-welcome to this well cared for Commercial Building in Downtown Mt. Pleasant with TRIPLE income! Main floor offers over 3,600 finished square feet with large front display window, newer flooring, and tons of character with the brick exposed walls. Upper provides two 1 bedroom apartments with appliances including newer washer and dryer. Apartments have lots of charm with brick exposed walls and has updated bath and kitchen. Seller will be installing NEW lower roof; over $20K repair! Seller has owned property over 26 years-prideful ownership can be seen throughout!

Commercial Active

Price

^$ 215,000

Property Type

Commercial

Taxes

^$ 2,924

Style

Business

Lot Size

0.09

Year Built

1887

Town/City

Mount Pleasant

County/Region

Henry

MLS | Web ID

6341182

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate Hot Water Separate

Zoning Business/Commercial

Garage Spaces 0

Architectural Style Business

Construction Materials Brick

Year Built 1887

Tax Year 2024

Current Use Beauty/Barber Shop Business Commercial Food Service Office Professional Service Restaurant Retail

Accessibility None

County Henry

Property Type Commercial Sale

Contingency None

Possible Use Diversified Grocery Income Lounge/Bar Medical/Dental Office Professional/Office Restaurant Retail

Status Active

Directions .

Open Parking Spaces 6

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 3920.4

Tax Annual Amount 2924

Living Area Units Square Feet

Standard Status Active

Legal Description ORIG N 25' S 43' ORIG N 25' S 43' LOT 3 BLK 10 LOT 3 BLK 10 (DUAL CLASS-COML PT) (DUAL CLASS-M/R PT)

Exterior

Parking Features None

Water Source Public

Building Area Total 5875

Lot Dimensions 25X150

Lot Size Acres 0.09

* Excluded Features

List By

Renee Smith

Listing Agent

Cottage Realty

Broker

renee.cottagerealty@gmail.com

Affordability Calculator

$1,601

Per Month

Monthly Principal & Interest: $1,358
Monthly Property Taxes: $244
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Commerical listings in Mount Pleasant, IA

Average List Price ^$871,175

Percent of Sale Price 305%

About Mount Pleasant, IA

8,513 Population

-2% Since 2002

^$48,326 Median Income

37.75 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/4/2026	$215,000		Listed Price

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116 S Main Street, Mount Pleasant, IA, 52641 is a Commercial Property for sale at $215,000 with 5,875 sqft and a lot size of 0.09. 116 S Main Street was built in 1887. The property's zip code is 52641 which is in Mount Pleasant, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 8/4/2026.

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116 S Main Street

Commercial Property for sale in Mount Pleasant, IA

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