1201 E South Street

Mount Ayr, IA 50854

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.

Listing courtesy of South Central Iowa Realty



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Data last updated at: 2026-10-05 12:17 AM UTC