# 1201 E South Street, Mount Ayr, IA 50854-5702 > **TL;DR:** commercial, $999,500, built 1993. > A/C, 8-car garage. Est. $5,346/mo. Listed 25 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $999,500 | | Year Built | 1993 | | Lot Size | 98,010 sqft (2.25 acres) | | Garage | 8-car | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 25 | ## Why This Home Stands Out - **Large Garage** - 8-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,054 | | Estimated Insurance | $292 | | **Total** | **$5,346** | ## Key Amenities - A/C - 8-car garage ## Property Highlights - Built in 1993 - 2.25 acre lot ## Description ### Agent 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! ## Location - **Address:** 1201 E South Street, Mount Ayr, IA 50854-5702 - **County:** Ringgold - **Coordinates:** 40.710589, -94.224261 - **Google Maps:** https://www.google.com/maps?q=40.710589,-94.224261 ## Listing Agent - **Name:** Wanda Hosfield - **Brokerage:** South Central Iowa Realty - **Broker Phone:** 641-464-2080 ## Photos ![1201 E South Street - Photo 1](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f9378224r.jpg) ![1201 E South Street - Photo 2](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f311817639r.jpg) ![1201 E South Street - Photo 3](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1762116655r.jpg) ![1201 E South Street - Photo 4](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f2766044987r.jpg) ![1201 E South Street - Photo 5](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1598078611r.jpg) ![1201 E South Street - Photo 6](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f3494437110r.jpg) ![1201 E South Street - Photo 7](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1555774617r.jpg) ![1201 E South Street - Photo 8](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f3049422194r.jpg) ![1201 E South Street - Photo 9](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1994542029r.jpg) ![1201 E South Street - Photo 10](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f857607052r.jpg) ![1201 E South Street - Photo 11](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f553812462r.jpg) ![1201 E South Street - Photo 12](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f185437403r.jpg) ![1201 E South Street - Photo 13](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f280971451r.jpg) ![1201 E South Street - Photo 14](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f4062483237r.jpg) ![1201 E South Street - Photo 15](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1690939479r.jpg) ![1201 E South Street - Photo 16](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1950672689r.jpg) ![1201 E South Street - Photo 17](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f755817783r.jpg) ![1201 E South Street - Photo 18](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f1688341743r.jpg) ![1201 E South Street - Photo 19](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f479455575r.jpg) ![1201 E South Street - Photo 20](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f2116324906r.jpg) ![1201 E South Street - Photo 21](http://lh.rdcpix.com/6514a629938faa8e1f530a2d418c5499l-f2168584961r.jpg) --- **MLS#:** 6343602 | **Updated:** 2026-11-01 **Source:** listhub *Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1201-e-south-street-mount-ayr-ia-50854-5702-b6b482790d9848f6832dbb16d0b8f856) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1201-e-south-street-mount-ayr-ia-50854-5702-b6b482790d9848f6832dbb16d0b8f856#listing", "url": "https://staging.propertysimple.ai/listing/1201-e-south-street-mount-ayr-ia-50854-5702-b6b482790d9848f6832dbb16d0b8f856", "name": "1201 E South Street, Mount Ayr, IA 50854-5702", "description": "12-Unit apartment complex, office, and retail space, all available on over 2 acres of prime commercial Mount Ayr, Iowa, real estate. 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