1201 E South StreetMount Ayr, IA 50854

Commercial · 98,010 Sq. ft. | 2.00 Acres

$799,000 Active

Overview

Time on Site:
211 days
Visits:
148

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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Facts & Features

  • Type Commercial
  • Sq. ft. 98,010
  • Price/Sq.ft. $8
  • Lot 2.00 Acres

General

Income/Expenses
  • Insurance Expense: 5196
  • Maintenance Expense: 37685
Listing Information
  • Contingency: None
Building Information
  • Year Built: 1993
Business Information
  • Current Use: Office,Residential
Location/Region
  • County Or Parish: Ringgold
  • Postal City: Mount Ayr
Rent/Lease Information
  • Tenant Pays: Cable T.V.,Electricity,Fuel,Trash Collection,Water
Tax Information
  • Tax Annual Amount: 22746
  • Tax Year: 2022
General Information
  • Inclusions: Building
  • Possible Use: Diversified
  • Property Type: COMMERCIAL (5+ UNITS)

Interior

Parking Information
  • Garage Spaces: 8
Building Interior
  • Building Area Total: 98010
General Information
  • Accessibility Features: None
  • Appliances: Range,Microwave,Dishwasher,Refrigerator,Washer,Dryer
  • Cooling: Central
  • Flooring: Carpet,Tile,Vinyl/Linoleum
  • Heating: Forced Air

Exterior

Parking Information
  • Parking Features: Attached Garage,Detached Garage,Uncovered/Open,Driveway - Concrete,Paved Lot
  • Parking Total: 12
Lot Information
  • Lot Size Acres: 2
  • Lot Size Dimensions: 2.25 acres
  • Lot Size Square Feet: 87120
  • Lot Size Units: Acres
  • Water Source: City Water/Connected
Waterfront/View
  • Waterfront: 0
Building Exterior/Construction
  • Architectural Style: Apartment
General Information
  • Number Of Units Total: 12
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate,Heating Separate,Hot Water Separate

Neighborhood

Community

50854 (Mount Ayr) Demographics
41
Median Age
19
Population Density (per sq. mile)
34%
College Educated
$49,250
Estimated Median Income
681
Estimated Total Home Owners
291
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
5
Public
Mount Ayr Elementary
  • Grades: PK - 6
  • Enrollment: 299
Middle Schools
5
Public
Mount Ayr Elementary
  • Grades: PK - 6 /
  • Enrollment: 299
4
Public
Mount Ayr High School
  • Grades: 7 - 12 /
  • Enrollment: 301
High Schools
4
Public
Mount Ayr High School
  • Grades: 7 - 12 /
  • Enrollment: 301
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$186,028
Median Sales Price
$102
Median Price per Square Foot
2
Properties Sold
2
New on Market
100
Average Days on Market
14
Properties for Sale
Calculations provided by Reliance Network
Listing provided courtesy of South Central Iowa Realty - MLS# 6137080MLS Provider