1201 E South Street, Mount Ayr, IA 50854
Ringgold County
Key Facts
Description
Investment Opportunity in Mount Ayr, Iowa! Discover the potential of this exceptional income-producing property featuring a 12-unit apartment complex, commercial office space, and over 2 acres of prime commercial real estate in a highly visible location along Highway 2. All apartment units offer 2 bedrooms, 1 bathroom, and in-unit laundry, providing desirable amenities for tenants. The commercial space is currently occupied by a medical office and offers additional room for expansion or the addition of other businesses. With over 2 acres of land, this property presents an excellent opportunity for future development, including additional rental units or commercial improvements to maximize income potential. Strategically located on Highway 2, the property benefits from strong traffic exposure and easy accessibility, making it an attractive investment for both residential and commercial tenants. Contact the listing agent today for additional details and financial information.
Property Information
Property Type
Commercial Sale
Style
Mixed Use
Year Built
1993
Living Area
17,000 sq ft
Lot Size
2.00 acres
Lot Dimensions
2.25 acres
Garage Spaces
8
MLS® Listing#
6105558
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$20,664
Tax year 2025
Parcel Number
0063021
Directions
Intersection of highway 2 and highway 169 north.
Affordability Calculator
$220,000
Estimated monthly payment
$5,855/mo
Principal $880,000 · Est. interest $1,227,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mount Ayr, IA
- 74
- Median Days on Market
- 1,531
- Median Sq Ft
- $130
- Median Price / Sq Ft
- 58
- Active Listings
- Its price per sq ft is 50% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mount Ayr, IA.
Location
Points of Interest in Mount Ayr, IA
Showing the Mount Ayr area map.
Nearby Schools
Mount Ayr Community School
Secondary · 0.5 mi away
Mount Ayr Elementary
Elementary · 0.6 mi away
Diagonal Junior-Senior High School
Secondary · 9.2 mi away
Clearfield Elementary School
Elementary · 14.4 mi away
Diagonal Elementary School
Elementary · 15.4 mi away
Lamoni High School
Secondary · 16.2 mi away
Lamoni Elementary School
Elementary · 16.2 mi away
Worth County High School
Secondary · 18.3 mi away
North Harrison
Secondary · 20.7 mi away
Lenox Community School District
Secondary · 20.8 mi away
East Union Community School District
Secondary · 21.9 mi away
St Malachy School
School · 24.9 mi away
South Elementary School
Elementary · 25.1 mi away
Early Head Start Building Blocks
School · 25.1 mi away
North Elementary School
Elementary · 25.3 mi away
Central Decatur Community School District
School · 25.5 mi away
Creston Senior High School
Secondary · 25.5 mi away
High Lakes Country Academy
School · 25.6 mi away
Creston Elementary School
Elementary · 25.6 mi away
Creston Early Childhood Center
School · 25.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1006 Irish Lane, Mount Vernon, IA | $895,000 | — | — | — |
| 0 260th Street, Mount Ayr, IA | $975,360 | — | — | — |
| TBD Irish Lane, Mount Vernon, IA | $999,000 | — | — | — |
| 1400 190th St., Mount Pleasant, IA | $1,112,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Mount Ayr
Listing Courtesy: South Central Iowa Realty - 6414642080
Presented by: Jennifer Mercer