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    Le Mars, IA Residential Income Properties for Sale

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    Merrill, IA Remsen, IA Hinton, IA
    Historic Mixed-Use Building
    $599,000
    0.09 Acres
    Historic Mixed-Use Building

    Le Mars, IA 51031

    Fully renovated historic building with storefront space and two upstairs apartments, supported by recent roof, window, and systems upgrades.
    • Built in 1895, fully renovated historic commercial building with restored original architectural details
    • Main‑level commercial space features exposed brick and original tin ceilings
    • Upstairs includes two apartments for rental income
    • Rental income is $3,000 per month
    • Recent improvements include a new roof and new windows
    Updated: Feb 27
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    Two-Story Historic Retail Building
    $300,000
    0.09 Acres
    Two-Story Historic Retail Building

    Le Mars, IA 51031

    Two-story commercial building with split main level and apartment-ready second floor for flexible income or owner-operator use.
    • 8000 SF, 2‑story commercial building built in 1895
    • Main floor split into 2 sides; one side is in use by the owner at times
    • Second floor split into 2 sides, including a West‑side apartment/weekly rental currently vacant
    • East side of the second floor is not finished and needs work
    • Unfinished basement
    Updated: May 6
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    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 Quadplex
    $310,000
    1,715 SF
    Renovated Four-Unit Quadplex

    Four-unit residential income property with renovated interiors and shared laundry in a clean common area.

    120 DELAWARE AVE SW, Orange City, IA 51041

    View details
    Street-Level Retail and Apartment Building
    $350,000
    400 SF
    Street-Level Retail and Apartment Building

    Street-level space can support office or retail, complemented by four second-floor apartments.

    4001 Floyd Blvd, Sioux City, IA 51108

    View details
    Well-Maintained Duplex With Two Patios
    $289,000
    2,208 SF
    Well-Maintained Duplex With Two Patios

    Two-bedroom units with updated interiors and exterior decks offer a straightforward residential income setup.

    1313-1315 Navaho, Sioux City, IA 51104

    View details
    Four-Plex Townhome Property
    $1,100,000
    8,000 SF
    Four-Plex Townhome Property

    Four townhome-style units with three-level layouts, including private patios and a mix of rented and vacant availability.

    3755 Glen Oaks Blvd, Sioux City, IA 51104

    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.

    Residential Building Lot
    $44,900
    1.01 Acres
    Residential Building Lot

    Build-ready lot in a quiet cul-de-sac setting, offering privacy with mature evergreen plantings and scenic hillside views.

    JADE AVENUE lot: 16, Merrill, IA 51038

    View details
    Residential Land Lot in Cul-de-Sac
    $49,900
    1.36 Acres
    Residential Land Lot in Cul-de-Sac

    Over one-acre residential lot offering privacy in a cul-de-sac setting with established trees and evergreens.

    JADE AVENUE lot: 19, Merrill, IA 51038

    View details
    Residential Building Lot
    $45,900
    1.00 Acre
    Residential Building Lot

    Over one-acre cul-de-sac lot with established evergreens and scenic hill-and-field views near town amenities.

    JADE AVENUE lot: 5, Merrill, IA 51038

    View details
    Residential Building Site with City Utilities
    $148,000
    1.30 Acres
    Residential Building Site with City Utilities

    Build in a high, view-focused residential setting served by City of Hinton utilities on a combined parcel.

    Tucker Hill Dr, Hinton, IA 51024

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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
    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 Residential Income Properties Market Trends and Statistics

    Explore 6 residential income 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 residential income 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

    Multifamily properties 2
    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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