12-Unit Mixed-Use
New
For Sale
$999,500
1201 E South Street, Mount Ayr, IA 50854
Commercial Sale, Mount Ayr, IA
Property SizeContact for details
Lot Size2.25 Acres
Days on Market5
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, Washer, Dryer
Directions
Intersection of Highway 2 and Highway 169 north.
Standard status
Active
APN
0063021
Lot size
2.25 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
22620
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
central gathering space
Building Details
Year built
1993
Number of units
12
Flooring type
Tile, Carpet, Vinyl
Building materials
Brick, Metal Siding
Architectural style
Other
Listing Agency:
South Central Iowa Realty
(641) 464-2080
Listed By:
Wanda Hosfield
(641) 344-4802
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 13 at 8:06PM
MLS# 6343602
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 12 apartments with office and retail space on 2.25 acres. The office and retail component includes private clinic space and shared common area, with additional space available for lease. Nine apartment units have detached garage parking, and a central gathering area is reserved for tenants. The building dates to 1993; its roof was replaced in 2023, and the apartments were updated in 2021 and 2022.
The property fronts Highways 2 and 169 in Mount Ayr, across from a Casey’s General Store. Mount Ayr Industrial Park, the country club, and the American Legion are about a mile away; the airport and Mount Ayr Inn are within walking distance.
The property fronts Highways 2 and 169 in Mount Ayr, across from a Casey’s General Store. Mount Ayr Industrial Park, the country club, and the American Legion are about a mile away; the airport and Mount Ayr Inn are within walking distance.
Key Highlights
- 12 apartments plus office and retail space on 2.25 acres
- Office and retail area includes leased clinic space, shared common area, and additional space available for lease
- Nine apartment units have detached garage parking
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 - Apartments share the property with office and retail space, including clinic space under lease.
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 $999,500.
What are key features of this property?
This property features: 12 apartments plus office and retail space on 2.25 acres; Office and retail area includes leased clinic space, shared common area, and additional space available for lease; Nine apartment units have detached garage parking
