Investment Properties - Sale of investment property (Details) - USD ($)		3 Months Ended		9 Months Ended		15 Months Ended
	Mar. 13, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024
Real Estate [Line Items]
Gain on disposal of investment property				$ 2,819,502
REVENUE
Total Revenue		$ 2,336,925	$ 2,588,740	7,209,720	$ 7,565,617
OPERATING EXPENSES
Bad debt expense		15,423	5,669	37,643	49,868
Depreciation and amortization		973,367	1,149,664	2,979,142	3,459,262
Total Operating Expenses		2,033,653	3,655,440	6,693,578	9,047,289
Gain on disposal of investment properties				2,819,502
Loss on extinguishment of debt				51,837	50,859
Operating (Loss) Income		303,272	(1,066,700)	3,283,807	(1,481,672)
Interest expense		730,922	900,182	2,331,030	2,612,642
Net (Loss) Income		(517,949)	(1,946,360)	916,278	(4,042,065)
Less: Net (loss) income attributable to Operating Partnership noncontrolling interests		25,843	493	162,828	(2,878)
Net (Loss) Income Attributable to Medalist Common Stockholders		(526,996)	(1,948,827)	308,700	(4,047,786)
Hanover Square Property
Real Estate [Line Items]
Proceeds from sale of property	$ 13,000,000.0
Credits for repairs	85,000
Gain on disposal of investment property	2,819,502			2,819,502
REVENUE
Total Revenue			327,348	307,325	987,121
OPERATING EXPENSES
Bad debt expense		2,472		16,136
Depreciation and amortization			76,869		231,143
Total Operating Expenses		2,495	159,001	108,695	480,019
Gain on disposal of investment properties	$ 2,819,502			2,819,502
Loss on extinguishment of debt				51,837		$ 0
Operating (Loss) Income		(2,495)	168,347	2,966,295	507,102
Interest expense			169,755	129,248	516,367
Net (Loss) Income		(2,495)	(1,408)	2,837,047	(9,265)
Less: Net (loss) income attributable to noncontrolling interests		(399)	(225)	453,928	(1,482)
Less: Net (loss) income attributable to Operating Partnership noncontrolling interests		(363)	(14)	137,029	(93)
Net (Loss) Income Attributable to Medalist Common Stockholders		(1,733)	(1,169)	2,246,090	(7,690)
Retail center properties
REVENUE
Total Revenue		1,565,896	1,874,188	4,955,305	5,557,045
OPERATING EXPENSES
Operating expenses		374,016	459,132	1,193,838	1,489,602
Retail center properties | Hanover Square Property
REVENUE
Total Revenue			327,348	307,325	987,121
OPERATING EXPENSES
Operating expenses		$ 23	$ 82,132	$ 92,559	$ 248,876