Building Details

Year Built 1887

Buildings 1

Units 3

Construction brick

Tenancy Multi

Listing Agency: Cottage Realty LLC r***@gmail.com Show Phone

Listed By: Renee Smith · License #***

Source: Crexi

Added: Aug 3 Changed: Aug 9 Last Checked: Aug 10 at 4:25PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cottage Realty LLC

Investment Insights

Based on property information with market context.

Built in 1887, this mixed-use property pairs a commercial main level with two one-bedroom apartments on the upper floor. The storefront contains more than 3,600 finished square feet, a broad display window, newer flooring, and exposed brick that contributes to the building’s character. The property is zoned Business/Commercial.

Each apartment includes appliances, with newer washers and dryers provided. Residential improvements include refreshed kitchens and bathrooms, while exposed brick continues the character-driven interior finish. The three-part configuration supports separate commercial and residential occupancy within one downtown Mount Pleasant building.

Key Highlights

• More than 3,600 finished square feet on the main commercial level
• Two upper‑level one‑bedroom apartments
• Large storefront display window

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Electrical Service Building Supply Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Historic commercial property combines a substantial storefront with two updated one-bedroom residential units above.

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: More than 3,600 finished square feet on the main commercial level; Two upper‑level one‑bedroom apartments; Large storefront display window