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Le Mars, IA Multifamily Home for Sale

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    $380,000

    • 11 Beds
    • 7 Baths
    • 4,350 Sq Ft

    401 Central Ave SW, Le Mars, IA 51031

    Rare investment opportunity in the heart of Le Mars! This remodeled 3-story property features three spacious apartments, plus a unique detached home, with an attached garage. Both units and detached home are fully updated and leased. Major improvements include: a new roof in 2025, modern kitchens and baths, in-unit laundry, a fire suppression system, and separate utilities – which keeps landlord

    Daniel Nguyen United Real Estate Solutions

    401 Central Ave SW, Le Mars, IA 51031

Why Live in Le Mars

Le Mars, Iowa, known as the “Ice Cream Capital of the World,” is home to Wells Enterprises, Inc., the makers of Blue Bunny Ice Cream. This small city of roughly 10,000 residents features a skyline dominated by a 12-story refrigeration tower and employs over 1,000 locals. The community atmosphere is enhanced by popular events and a growing downtown district with locally owned shops and restaurants. Housing options range from early 1900s Colonial revival-style homes to modern craftsman-style new constructions. The Le Mars Community School District is highly rated, serving over 2,300 students with a favorable student-teacher ratio. Private education is available through Gehlen Catholic Schools, and Western Iowa Tech Community College offers technical career studies. Le Mars boasts 13 parks, including facilities for baseball, golf, and tennis, as well as the Outdoor Swimming Pool and Park for summer activities. Downtown features a variety of local shops, restaurants, and art galleries, with highlights like the Le Mars Community Theatre and Browns Century Theater. Annual events such as Ice Cream Days and the Plymouth County Fair draw large crowds. While Le Mars lacks public transportation, it is accessible via Interstate 29 and State Route 75, with Sioux Gateway Airport 26 miles away. The city experiences crime rates comparable to national averages and minor flooding risks from the Floyd River. Summers are warm, but winters can be harsh with chilling winds on the plains.

Home Trends in Le Mars, IA

Housing Trends

Median Sale Price
$360,000
Median Single Family Sale Price
$308,500
Median 2 Bedroom Sale Price
$237,250
Average Price Per Sq Ft
$152
Number of Homes for Sale
19
Last 12 months Home Sales
1
Months of Supply
228.00
Median List Price
$311,750
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
32%
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