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    Le Mars, IA
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    Le Mars, IA Multifamily Properties for Sale

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    Merrill, IA Remsen, IA Hinton, IA
    Historic LeMars Commercial Masterpiece
    $599,000
    0.09 Acres

    Historic LeMars Commercial Masterpiece

    Le Mars, IA 51031

    Renovated commercial property with rental income potential in LeMars, Iowa.

    • Fully renovated historic commercial building with two luxury apartments upstairs, offering both business and residential income potential.
    • Prime location in the "Ice Cream Capital of the World" with high visibility on a major thoroughfare.
    • Generates steady rental income of $3,000 per month.
    • Painstakingly restored with original features like exposed brick and tin ceilings, plus modern updates.
    • New roof, windows, and updated mechanical, plumbing, and electrical systems.
    Updated: Feb 27
    View details
    Historic Two-Story Commercial Building
    $300,000
    0.09 Acres

    Historic Two-Story Commercial Building

    Le Mars, IA 51031

    A split two-story building with rental-ready space and additional unfinished areas for future improvements.

    • 8,000 SF, 2‑story commercial building built in 1895
    • Main floor split into 2 sides and currently used by the owner at times
    • Second floor split into 2 sides; west side set up as an apartment/weekly rental (currently vacant)
    • East side on the second floor is not finished and needs work
    • Unfinished basement
    Updated: May 6
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 2 Active listings in Le Mars, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Street-Level Retail/Office with Apartments
    $350,000
    400 SF

    Street-Level Retail/Office with Apartments

    Street-level office or retail space with four upstairs apartments, offering built-in rental income potential.

    4001 Floyd Blvd, Sioux City, IA 51108
    View details
    Well-Maintained Duplex
    $289,000
    2,208 SF

    Well-Maintained Duplex

    A clean, updated duplex with strong in-place tenants, offering two similarly configured 2-bedroom units.

    1313-1315 Navaho, Sioux City, IA 51104
    View details
    Four-Plex Townhome Property
    $1,100,000
    8,000 SF

    Four-Plex Townhome Property

    Well-maintained four-unit townhome layout with flexible occupancy for investors or owner-occupants.

    3755 Glen Oaks Blvd, Sioux City, IA 51104
    View details
    Orange City Multifamily Property
    $310,000
    1,715 SF

    Orange City Multifamily Property

    Multifamily property in Orange City, Iowa, with residential zoning.

    120 DELAWARE AVE SW, Orange City, IA 51041
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres

    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131
    View details
    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres

    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249
    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing

    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065
    View details
    Bethany Land Ready For Development
    $300,000
    10.00 Acres

    Bethany Land Ready For Development

    10-acre commercial property with development potential near I-35.

    0 N 41st St, Bethany, MO 64424
    View details

    Off-Market Properties in Le Mars, IA

    Consider similar Off-Market properties in Le Mars, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    507 6th SW Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.31 Acres
    Value Estimation by Request

    507 6th SW Ave, Le Mars, IA 51031-1927

    View details
    507 6th SW Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.59 Acres
    Value Estimation by Request

    507 6th SW Ave, Le Mars, IA 51031-1927

    View details
    16th NW Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 5.00 Acres
    Value Estimation by Request

    16th NW Ave, Le Mars, IA 51031

    View details
    16th NW Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 1.53 Acres
    Value Estimation by Request

    16th NW Ave, Le Mars, IA 51031

    View details

    Le Mars, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 6 multifamily properties for sale in Le Mars, IA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $599,000.

    Sale prices for multifamily properties in Le Mars, IA start at $599,000, averaging $599,000, and reaching up to $599,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 1
    Short term rental properties 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +5.2%
    Median Household Income $74,978
    College Educated 30.0%

    High-Yield Neighborhoods for Investment

    Identify Le Mars submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    51031 $599K

    Taxes & Financing

    Tax Rate (average for all types) 1.99%
    Property Tax per SF $21.15 per sq ft
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

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