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1201 E South Street, Mount Ayr, Iowa

$999,500
Active
1201 E South Street, Mount Ayr, Iowa
1201 E South Street, Mount Ayr, Iowa
1201 E South Street, Mount Ayr, Iowa
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Property Details

MLS ID: NOC6343602
Status: Active
Price: $999,500
Acres: 2.25±
Type: Commercial
Address: 1201 E South Street
City, State: Mount Ayr, IA
County: Ringgold County
ZIP Code: 50854-5702
Parcel Number: 0063021
SqFt: 17,000
Year Built: 1993

Description

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 release current income figures and potential income from space not rented to motivated buyers with offer ready and proof of financing or cash. It's 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! It's an unmatched opportunity in Southern Iowa!

Directions: Intersection of Highway 2 and Highway 169 north.

Chad Kenyon

Chad Kenyon

HTPR Inc.

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of October 14, 2026 at 12:02:42 PM UTC.

Listings courtesy of NoCoast MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 14, 2026 at 12:02:42 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the applicable MLS, if any, and as amended from time to time.

Listed By: Wanda Hosfield of South Central Iowa Realty