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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.

Highlights

  • Residential Income
  • Built in 1920
  • 0.405 Acre Lot
  • 4 Car Garage
  • 268 days on Market

  • Bedrooms
    28
  • Year Built
    1920
  • Stories
    3.0
  • Architectural Style
    Three Story
  • Construction Materials
    Wood Siding, Brick
  • Foundation
    Block
  • Garage Spaces
    4.0
  • Parking Features
    Garage, Detached
  • Living Area
    15651.0
  • Appliances
    Dryer, Refrigerator, Washer, Cooktop
  • Flooring
    Vinyl, Carpet
  • Furnished
    Unfurnished
  • Security Features
    Smoke Detector(s), Fire Alarm
  • Cooling
    Window Unit(s)
  • Heating
    Forced Air, Natural Gas, Electric, Hot Water
  • Basement
    Walk-Out Access, Unfinished

  • Acres
    0.405
  • Lot Features
    Rectangular Lot
  • Utilities
    Electricity Available, Water Available, Natural Gas Available
  • Water
    Public

  • Area
    Leon
  • County
    Decatur
  • City
    Leon
  • Zip Code
    50144

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Frequently Asked Questions

How do I schedule a tour of 102 S Main St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 102 S Main St.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 102 S Main St?

Click Ask a Question to talk with our team. You already know it is a 28 bed, N/A bath, listed for $199,000. We can talk through recent upgrades, potential seller motivation, how this residential income compares to others in Leon, and can even get you in to see the property quickly.

How do I get a virtual tour of 102 S Main St?

Yes! A virtual tour is available for 102 S Main St. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 102 S Main St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 102 S Main St at around $1,624. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 102 S Main St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Decatur County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 102 S Main St?

In most cases, yes. Whether 102 S Main St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Leon's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 102 S Main St?

We can handle that for you. Our preferred local agent specializes in residential incomes in Leon and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $199,000 with 15,651 sqft of space—that comes out to approximately $13 per square foot.

How long has this property been on the market?

102 S Main St was listed on February 17, 2026, which means it's been on the market for 268 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1920, making it approximately 106 years old.

What is the lot size of this property?

102 S Main St sits on a 0.41-acre lot, which is 17,860 square feet.

What are the property taxes for 102 S Main St?

The most recent public record shows annual property taxes for 102 S Main St were approximately $5,902. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 102 S Main St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Des Moines Area Association of REALTORS. All rights reserved.

Last Updated: November 12, 2026 at 05:33AM | Source: Des Moines Area Association of REALTORS | MLS#: 734599