111 W Monroe Street Mount Pleasant, IA $ 389,000
111 W Monroe Street
$ 389,000
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111 W Monroe Street

Mount Pleasant, IA, 52641
$ 389,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,456

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Commercial Property for sale in Mount Pleasant, IA

for $389,000. This building was built in 1864 on a lot size of 0.16.

Own a piece of Mount Pleasant history with the iconic Union Block, a landmark property overlooking the heart of downtown. Originally constructed in 1861, this remarkable three-story building has played an important role in the community for more than 160 years. Its halls have welcomed historic figures including Frederick Douglass and Sojourner Truth, and in 1869, Arabella B. Mansfield took the bar examination here before becoming the first woman admitted to practice law in the United States. After years of deterioration and a devastating fire, Main Street Mount Pleasant stepped forward to save the Union Block, undertaking an extensive multimillion-dollar historic rehabilitation. Today, the over 15,000-square-foot building has been completely renovated while preserving the character and significance that make it irreplaceable. The property currently offers income-producing retail and professional office spaces, along with an impressive third-floor community and event space. That upper level also provides exciting potential for expanded event rentals, professional uses, or possible residential conversion. Main Street Mount Pleasant preserved this landmark for the next generation. Now, the opportunity exists for a new owner to take it from here—combining history, income, and future potential in one of downtown Mount Pleasant's most recognizable properties.

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Commercial Pending

Price

$ 389,000

Property Type

Commercial

Taxes

$ 18,116

Style

Mixed Use

Lot Size

0.16

Year Built

1864

Town/City

Mount Pleasant

County/Region

Henry

MLS | Web ID

6341822

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Separate Heating Separate Hot Water Separate
Garage Spaces 0
Architectural Style Mixed Use
Construction Materials Brick
Year Built 1864
Tenant Pays Electricity Fuel Insurance Janitorial Service Sewer Water
Tax Year 2024
Current Use Business Commercial Event Space Food Service Office Professional Service Restaurant
Gross Income 55246
Accessibility Accessible Elevator Installed
County Henry
Net Operating Income 11629
Property Type Commercial Sale
Contingency None
Possible Use Income Office Retail Services Other
Status Pending
Directions Washington to Main. Main to Monroe.
Open Parking Spaces 0
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 6969.6
Tax Annual Amount 18116
Living Area Units Square Feet
Standard Status Pending
Legal Description ORIG W1/2 LT 8 & INT. IN W1/2 S16' EX N7' E9' LT 7 BLK 7
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Exterior
Parking Features On Street
Water Source Public
Lot Dimensions 7137 Sq Ft
Lot Size Acres 0.16
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* Excluded Features
List By
Kevin Dameron

Listing Agent

Meadow And Main Inc.

Broker

k.dameron@meadowandmain.com

Email

Affordability Calculator

$3,966
Per Month
62%
38%
0%
Monthly Principal & Interest
$2,456
Monthly Property Taxes
$1,510
Monthly 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/20/2026$389,000 Listed Price

Map


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111 W Monroe Street, Mount Pleasant, IA, 52641 is a Commercial Property for sale at $389,000 with a lot size of 0.16. 111 W Monroe Street was built in 1864. The property's zip code is 52641 which is in Mount Pleasant, IA