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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 Ireton, IA Adelanto, CA Orange City, IA Kingsley, IA Sioux Center, IA
    Renovated Historic Mixed-Use Building
    Updated: Feb 27
    Renovated Historic Mixed-Use Building

    Le Mars, IA 51031

    $599,000
    0.09 AC lot
    1895 historic commercial building with fully renovated interior and preserved architectural features.
    Exposed brick and original tin ceilings with restored original historic details.
    Includes a $3,000 per month rental income component.
    Upstairs offers two luxury apartments for additional rental potential.
    Renovations include new roof and new/updated windows, plus updates to mechanical, plumbing, and electrical systems.
    View details
    Historic Two-Story Commercial Building
    Updated: May 6
    Historic Two-Story Commercial Building

    Le Mars, IA 51031

    $300,000
    0.09 AC lot
    8,000 SF, 2‑story commercial building built in 1895
    Main floor split into 2 sides; one side used by the owner at times
    Second floor split into 2 sides, with the west side set up as an apartment/weekly rental (currently vacant)
    East side of second floor is not finished and needs work
    Basement is unfinished
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Renovated Four-Unit Income Property
    Renovated Four-Unit Income Property

    120 DELAWARE AVE SW, Orange City, IA 51041

    $310,000
    1,715 sqft 0.23 AC lot

    Renovated four-unit multifamily asset with shared laundry in a maintained common area.

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    Four-Plex Townhome Investment Opportunity
    Four-Plex Townhome Investment Opportunity

    3755 Glen Oaks Blvd, Sioux City, IA 51104

    $1,100,000
    8,000 sqft

    Four townhome-style units across three levels, with two currently rented and two vacant, within an HOA community.

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    Retail-Office Building with Apartments
    Retail-Office Building with Apartments

    4001 Floyd Blvd, Sioux City, IA 51108

    $350,000
    400 sqft 0.14 AC lot

    Street-level office or retail space pairs with four second-floor apartments, including two studios and two one-bedrooms.

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    Townhome Portfolio for Sale
    Townhome Portfolio for Sale

    1600 26th St, Sioux City, IA 51104

    $4,950,000
    44,256 sqft 3.37 AC lot

    Package of 44 townhomes on two sites, including an adjacent vacant lot and unfinished basements.

    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.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Lakefront Recreation Lot with Boat Lift
    Lakefront Recreation Lot with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

    View details
    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

    View details
    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

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    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

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

    Value Estimation by Request
    0.31 AC lot
    View details
    507 6th SW Ave
    MOBILE HOME PARK, TRAILER PARK

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

    Value Estimation by Request
    0.59 AC lot
    View details
    16th NW Ave
    MOBILE HOME PARK, TRAILER PARK

    16th NW Ave, Le Mars, IA 51031

    Value Estimation by Request
    5.00 AC lot
    View details
    16th NW Ave
    MOBILE HOME PARK, TRAILER PARK

    16th NW Ave, Le Mars, IA 51031

    Value Estimation by Request
    1.53 AC lot
    View details

    Le Mars, IA Multifamily Properties Market Trends and Statistics

    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 $899,000.

    Sale prices for multifamily properties in Le Mars, IA start at $300,000, averaging $449,500, 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

    Commercial property segments ranked by active listings on the market

    Duplexes 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 average listing prices of real estate assets

    Neighborhood Average Price
    51031 $449.5K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Plymouth County

    New Delisted

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