102 S Main Street, Leon, IA 50144
102 S Main Street, Leon, IA 50144
102 S Main Street, Leon, IA 50144
102 S Main Street, Leon, IA 50144
102 S Main Street, Leon, IA 50144
102 S Main Street, Leon, IA 50144
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Amanda Welch

Amanda Welch

+1(515) 577-6581
$ 250,000
Est. payment | /mo

28 Beds

15,651 SqFt

Save
$ 250,000
Est. payment | /mo
Save

28 Beds

15,651 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,651 sqft

Price per Sqft $15

MLS Listing ID 734599

Style Three Story

Bedrooms 28

HOA Y/N No

Year Built 1920

Annual Tax Amount $5,902

Lot Size 0.405 Acres

Acres 0.405

Property Description

SHORT SALE – ALL OFFERS WILL BE CONSIDERED! Opportunity awaits at 102 S Main Street in downtown Leon! This three-story, 24-unit apartment building offers significant redevelopment and value-add potential for an investor ready to take on a substantial renovation project. Featuring a mix of studio, one-, two-, and three-bedroom apartments, four garages, and shared laundry facilities, the property offers an opportunity to restore and reposition an established downtown building. The property has experienced declining occupancy and significant deferred maintenance, including roof concerns and water damage. Substantial repairs and improvements are needed, and buyers should evaluate the property accordingly. Sold AS IS. All offers subject to seller acceptance and final lender approval. Showings by appointment only. Please do not disturb tenants.

Location

State IA

County Decatur

Area Leon

Zoning Mul R

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Electric, Forced Air, Gas, Hot Water, Natural Gas

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Furnishings Unfurnished

Fireplace No

Appliance Cooktop, Dryer, Refrigerator, Stove, Washer

Laundry Main Level, Upper Level

Exterior

Parking Features Detached, Garage

Garage Spaces 4.0

Garage Description 4.0

Community Features Laundry Facilities

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Rolled/Hot Mop

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type Apartment,Multi Family

Entry Level Three Or More

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Central Decatur

Others

HOA Fee Include Maintenance Structure,Recreation Facilities,Trash,Utilities

Tax ID 0733101005

Monthly Total Fees $491

Security Features Fire Alarm,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Iowa Realty Indianola

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Learn More About LPT Realty

+1(515) 577-6581
https://.welchdsm.com
2425 N Ankeny Blvd, Ankeny, IA 50023, USA
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102 S Main Street