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Five-Unit Apartment Building
For Sale
$199,999

600 S main Street, Leon, IA 50144

Commercial Sale, Leon, IA

Property SizeContact for details
Days on Market1086

Property Features for 600 S main Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning Residential-Multi-Family
Parking features Garage
Directions close to town center Leon
Standard status Active
APN 0733150002

Taxes and HOA fees

Tax Year 2022
Tax Description MILES N 1/2 OL C (APTS)
Tax Annual Amount 1480
Legal Description MILES N 1/2 OL C (APTS)

Utilities

Heating system Forced Air
Cooling system Window Unit(s), Central Air
Water source Public

Building Details

Year built 1920
Number of units 5
Building materials Stucco
Listing Agency: Power House Exclusive Real Estate Inc.
Listed By: Michael Powers · License #***
Added: Sep 19, 2023 Changed: Sep 7 Last Checked: Sep 8 at 5:06AM
MLS# 6311553

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 legal five-family apartment building was constructed in 1920 and is fully occupied. The property features stucco construction, forced-air heating, and a combination of central air and window units. Garage parking is included, and the building is served by public water.

The property is zoned Residential-Multi-Family and is located in Leon, Iowa. Showings require 72 hours’ notice and must be coordinated through the broker-owner, with prequalification and documentation required before access.

Key Highlights

  • Legal 5‑family apartment building
  • Fully occupied
  • Constructed in 1920

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store Dental Office Real Estate Agency

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

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 50144, IA

2,766
Population
1,312
Households
2.1
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
143.4 sq mi
ZIP Area
19
Density / Sq Mi
$64,511
Median Household Income
$35,558
Median Earnings
$544
Median Rent
$122,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with garage parking, public water, and a mix of central and window air conditioning.
Where is this apartment building located?
The property is located at 600 S main Street Leon, IA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Legal 5‑family apartment building; Fully occupied; Constructed in 1920
More about this property
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