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 3:06AM
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
