Multifamily and Medical Office
For Sale
Contact for pricing
1201 E South Street, Mount Ayr, IA 50854
A 12-unit residential complex with an on-site medical office, set on over 2 acres along Highway 2.
Property SizeContact for details
Days on Market54
Property Features for 1201 E South Street
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Office, Land
Net Operating Income
$92,438
Building Details
Year Built
1993
Units
12
Listing Agency:
South Central Iowa Realty
(641) 344-3698
Listed By:
Jennifer Mercer
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 10 at 2:32PM
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 South Central Iowa Realty
Investment Insights
Based on property information with market context.
This property features a 12-unit apartment complex along with dedicated commercial office space occupied by a medical office. Each apartment unit is configured with 2 bedrooms and 1 bathroom, and includes in-unit laundry for tenant convenience. The commercial space provides room to support continued medical use and potentially accommodate additional office requirements.
Set on more than 2 acres, the property is located in Mount Ayr, Iowa, with visibility and accessibility along Highway 2. The mix of residential and commercial space supports an owner-operator or investment approach where both uses can be managed from a single site.
For tenants, the apartment layout and in-unit laundry offer practical day-to-day functionality, while the existing medical office helps provide an established business footprint for the commercial portion. For buyers or operators, the combination of income-producing residential units and a currently occupied office component, together with additional land for future improvements, can support a range of redevelopment and tenancy strategies based on your business plan.
Set on more than 2 acres, the property is located in Mount Ayr, Iowa, with visibility and accessibility along Highway 2. The mix of residential and commercial space supports an owner-operator or investment approach where both uses can be managed from a single site.
For tenants, the apartment layout and in-unit laundry offer practical day-to-day functionality, while the existing medical office helps provide an established business footprint for the commercial portion. For buyers or operators, the combination of income-producing residential units and a currently occupied office component, together with additional land for future improvements, can support a range of redevelopment and tenancy strategies based on your business plan.
Key Highlights
- 12‑unit apartment complex built in 1993 with all units offering 2 bedrooms, 1 bathroom, and in‑unit laundry
- On‑site commercial office space currently occupied by a medical office
- Commercial space offers additional room for expansion or for adding other businesses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A 12-unit residential complex with an on-site medical office, set on over 2 acres along Highway 2.
Where is this apartment building 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 built in 1993 with all units offering 2 bedrooms, 1 bathroom, and in‑unit laundry; On‑site commercial office space currently occupied by a medical office; Commercial space offers additional room for expansion or for adding other businesses
