1201 E South Street Mount Ayr, IA $ 799,000
1201 E South Street
$ 799,000
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1201 E South Street

Mount Ayr, IA, 50854
$ 799,000
Baths0.0 Sq 98,010

Monthly Estimate*

$ 5,310

1201 E South Street, Mount Ayr, IA 50854 - Image 1
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Studio

Commercial Property for sale in Mount Ayr, IA

for $799,000. This 98,010 square foot building was built in 1993 on a lot size of 2.

12-Unit apartment complex, office, and retail space, all available on over 2 acres of prime commercial Mount Ayr, Iowa, real estate. Current office/retail space is home to a clinic along with several small businesses who lease private space along with shared common area. There is a current property manager and maintenance person who would continue to handle these responsibilities if buyer is interested in a property management specialist. The complex had a new roof put on in the summer of 2023 and each apartment unit was remodeled/updated in 2021/2022! Listing agent can provide financials to serious buyers. Nine of the apartment units have on site garage parking and complex offers a central space for small gatherings or socializing for tenants only. It's a great location right on Highways 2 & 169 and across from our new Casey's General Store!!

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Commercial Active

Price

$ 799,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Apartment

Lot Size

2

Year Built

1993

Town/City

Mount Ayr

County/Region

Ringgold

MLS | Web ID

6137080

Features
Interior
Air Conditioning Central
Walls Drywall Finished
Floors Carpet Tile Vinyl/Linoleum
Garage Stalls 8
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General
Available Utilities Electric Separate Heating Separate Hot Water Separate
Sewer City Sewer/Connected
Green Certification 0
Heating Forced Air
Appliances Range Microwave Dishwasher Refrigerator Washer Dryer
Water City Water/Connected
current use Office Residential
Total Number of Units 12
HOA WCIR
Status Active Active
Style Apartment
Construction Status 0
Class COMMERCIAL (5+ UNITS)
Municipality Mount Ayr
Tax Year 2022
Fuel Natural Gas
Contingency None
Auction Y/N 0
Area Ringgold
Year Built 1993
Directions Intersection of highway 2 and highway 169 north.
City Mount Ayr
Street Name South
Agent First Name Jennifer
Agent Last Name Mercer
DOM 876
Potential Short Sale No
Price Per Sq Ft Total 8.15
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Exterior
Exterior Brick/Stone Metal
Lot Size Area 2
Lot Size Dimensions 2.25 acres
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Internal Only
OriginalMLSID 6137080
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* Excluded Features
List By
Jennifer Mercer

Listing Agent

South Central Iowa Realty

Broker

jenniferm@iowarealty.com

Email

Affordability Calculator

$5,310
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,310
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2873168 Elementary School
2872767 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/8/2023$799,000 Listed Price

Map


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1201 E South Street, Mount Ayr, IA, 50854 is a Commercial Property for sale at $799,000 with 98,010 sqft and a lot size of 2. 1201 E South Street is a studio with 0.0 baths and was built in 1993. The property's zip code is 50854 which is in Mount Ayr, IA