1201 E South St - Office FOR SALE


Mount Ayr, IA 50854
$1,100,000 USD
641-344-3698
1201 E South St, Mount Ayr, IA for Sale
$1,100,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

1201 E South St
Mount Ayr, IA 50854


HIGHLIGHTS

  • Heavy traffic area
  • High rental rate

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Showroom, Medical, Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

-

APN/PARCEL ID

0063021

ASK ABOUT THIS PROPERTY

Jennifer MercerSouth Central Iowa RealtyMore Info
641-344-3698

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Jennifer MercerSouth Central Iowa RealtyMore Info
641-344-3698

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.