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$1,100,000
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1201 E South Street Overview
- Time on Site:
- 11 days
- Visits:
- 222
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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1201 E South Street Facts & Features
- Type Commercial
- Sq. ft. 17,000
- Price/Sq.ft. $65
- Lot 2.00 Acres
Details
General
School Information
- School District: Mount Ayr
Income/Expenses
- Fuel Expense: 18173
- Gross Income: 161891.56
- Maintenance Expense: 37685
- Net Operating Income: 92437.56
Listing Information
- Contingency: None
Building Information
- Year Built: 1993
Business Information
- Current Use: Commercial,Office,Professional Service,Residential
Location/Region
- County Or Parish: Ringgold
- Postal City: Mount Ayr
Community/Development
- Development Status: 0
Rent/Lease Information
- Land Lease Amount: 0
- Tenant Pays: Cable T.V.,Electricity,Fuel,Trash Collection,Water
Tax Information
- Tax Annual Amount: 20664
- Tax Year: 2025
General Information
- Parcel Number: 0063021
- Possible Use: Income,Office
- Property Type: Commercial Sale
Interior
Parking Information
- Garage Spaces: 8
Building Interior
- Building Area Total: 17000
General Information
- Accessibility Features: None
- Appliances: Range,Microwave,Dishwasher,Refrigerator
- Cooling: Central Air
- Flooring: Carpet,Tile,Vinyl
- Heating: Forced Air
Exterior
Parking Information
- Open Parking Spaces: 12
- Parking Features: Attached,Detached Garage,Outside,Concrete,Paved
Lot Information
- Lot Size Acres: 2
- Lot Size Dimensions: 2.25 acres
- Lot Size Square Feet: 87120
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Architectural Style: Mixed Use
- Construction Materials: Brick,Metal Siding
General Information
- Number Of Units Total: 12
- Sewer: City Sewer/Connected
- Utilities: Electric Separate,Heating Separate,Hot Water Separate
1201 E South Street Neighborhood
Community
50854 (Mount Ayr) Demographics
41
Median Age
19
Population Density (per sq. mile)
34%
College Educated
$49,250
Estimated Median Income
681
Estimated Total Home Owners
291
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1201 E South Street Monthly Cost
1201 E South Street Market Data
Based on the last 30 days in this zip code
$271,874
Average List Price
$122
Average Price per Square Foot
2
Properties Sold
178
Average Days on Market
12
Properties for Sale
1201 E South Street History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: NoCoast MLS | June 18, 2026 |
Jennifer Mercer Listing Agent |
Listing provided courtesy of South Central Iowa RealtyNoCoast MLS- MLS# 6105558