1201 E South Street
Mount Ayr, IA 50854

$999,500

  • 17,000
    Square Feet

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 who leases private space along with shared common area - more space available for new lease contracts. The complex had a new roof the summer of 2023 and each apartment unit was remodeled/updated in 2021/2022! 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!! Owners will...read more release current income figures and potential income from space not rented to motivated buyers with offer ready and proof of financing or cash. Its a prime development property with highway frontage begging for new construction for additional income opportunities or management living quarters! Located just a mile north of Mount Ayr Industrial Park, Country Club and American Legion - a brief walk to the Mount Ayr Airport and Mount Ayr Inn when your have overnight visitors! Its an unmatched opportunity in Southern Iowa!

Property Highlights

  • Appliances

    Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer

  • Cooling

    Central Air

  • Flooring

    Carpet, Tile, Vinyl

  • Heating

    Forced Air

  • Taxes

    $22,620 Taxes

  • Water

    Public

  • Year Built

    Built in 1993

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