Mixed-Use Building With
For Sale
$215,000
116 S Main Street, Mount Pleasant, IA 52641
Commercial Sale, Mount Pleasant, IA
Property SizeContact for details
Lot Size0.09 Acres
Days on Market41
Property Features for 116 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial
Directions
.
Standard status
Active
APN
411080940500800
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax 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)
Tax Annual Amount
2924
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)
Utilities
Heating system
Forced Air
Water source
Public
Amenities
large front display window
newer flooring
brick exposed walls
newer washer and dryer
updated bath and kitchen
Building Details
Year built
1887
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Cottage Realty
(319) 385-3243
Listed By:
Renee Smith · License #***
(319) 931-3996
Added: Aug 3
Changed: Sep 7
Last Checked: Sep 12 at 7:06AM
MLS# 6341182
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1887, this brick mixed-use property includes a commercial main floor and two upstairs one-bedroom apartments. The primary level contains over 3,600 finished square feet, a broad front display window, newer flooring, and exposed brick walls that add architectural character. The upper residences include appliances, newer washers and dryers, and updated kitchens and bathrooms.
The property is located at 116 S Main Street in downtown Mount Pleasant and carries Business/Commercial zoning. Public water service and forced-air heating are in place. A new lower roof has also been installed, adding a recent building improvement to the property’s existing commercial and residential configuration.
The property is located at 116 S Main Street in downtown Mount Pleasant and carries Business/Commercial zoning. Public water service and forced-air heating are in place. A new lower roof has also been installed, adding a recent building improvement to the property’s existing commercial and residential configuration.
Key Highlights
- Over 3,600 finished square feet on the main commercial floor
- Two upstairs 1‑bedroom apartments with appliances
- Updated apartment kitchens and bathrooms
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 52641, IA
12,920
Population
5,326
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
211.8 sq mi
ZIP Area
61
Density / Sq Mi
$63,406
Median Household Income
$35,608
Median Earnings
$812
Median Rent
$164,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building combines a retail-level space with two one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 116 S Main Street Mount Pleasant, IA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Over 3,600 finished square feet on the main commercial floor; Two upstairs 1‑bedroom apartments with appliances; Updated apartment kitchens and bathrooms
