Mixed-Use Property With
For Sale
$1,100,000
1201 E South Street, Mount Ayr, IA 50854
Commercial Sale, Mount Ayr, IA
Property SizeContact for details
Lot Size2.00 Acres
Days on Market93
Property Features for 1201 E South Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage - Detached
Appliances
Range, Microwave, Dishwasher, Refrigerator
Elementary school district
Mount Ayr
Middle school district
Mount Ayr
High school district
Mount Ayr
Directions
Intersection of highway 2 and highway 169 north.
Standard status
Active
APN
0063021
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
7-68-29 A TRACT OF LAND LOCATED IN THE E 45 AC OF THE N 1/2 OF THE NE 1/4
Tax Annual Amount
20664
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
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1993
Number of units
12
Flooring type
Carpet, Vinyl, Tile
Building materials
Brick, Metal Siding
Architectural style
Other
Listing Agency:
South Central Iowa Realty
(641) 464-2080
Listed By:
Jennifer Mercer
(641) 344-3698
Added: Jun 23
Changed: Sep 12
Last Checked: Sep 23 at 4:06AM
MLS# 6105558
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.
This mixed-use property combines a 12-unit apartment complex with commercial office space and 2 acres of land. Each apartment includes 2 bedrooms, 1 bathroom, and in-unit laundry. Residential finishes include carpet, tile, and vinyl flooring, while building features include brick and metal siding construction, forced-air heating, central air, and public water. Appliances include ranges, microwaves, dishwashers, and refrigerators.
The commercial portion is occupied by a medical office and includes room for expansion or additional business use. Located at 1201 E South Street in Mount Ayr, the property fronts Highway 2, providing direct highway access and exposure. A detached garage is also included, and the improvements were constructed in 1993.
The commercial portion is occupied by a medical office and includes room for expansion or additional business use. Located at 1201 E South Street in Mount Ayr, the property fronts Highway 2, providing direct highway access and exposure. A detached garage is also included, and the improvements were constructed in 1993.
Key Highlights
- 12‑unit apartment complex with 2 bedrooms and 1 bathroom per unit
- In‑unit laundry provided in every apartment
- Occupied medical office space with room for expansion
Property Analytics
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Current Use
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 50854, IA
2,223
Population
1,070
Households
2.1
Avg Household Size
45
Median Age
26%
College-Educated
95%
High-School Grad
138.9 sq mi
ZIP Area
16
Density / Sq Mi
$69,352
Median Household Income
$41,122
Median Earnings
$712
Median Rent
$151,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-bedroom residences accompany occupied medical office space and additional commercial land along Highway 2.
Where is this mixed-use property located?
The property is located at 1201 E South Street Mount Ayr, IA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12‑unit apartment complex with 2 bedrooms and 1 bathroom per unit; In‑unit laundry provided in every apartment; Occupied medical office space with room for expansion
