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Two-Story Office Building
For Sale
$2,000,000

127 E Main Street, Ottumwa, IA 52501

Commercial Sale, Ottumwa, IA

Property Size21,198 SF
Lot Size0.28 Acres
Price / SF$94.35
Days on Market60

Property Features for 127 E Main Street

General Information

Property type Commercial Sale
Property subtype Other
Accessibility Accessible Elevator Installed
Directions On Main Street between Court and Market - Northside of street
Standard status Active
APN 007411240273010
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2022
Tax Description OTTUMWA ORIGINAL NW 36' 4 1/4"LOT 293 BLK23;LOT 294 BLK23 (121 E MAIN)
Tax Annual Amount 37676
Legal Description OTTUMWA ORIGINAL NW 36' 4 1/4"LOT 293 BLK23;LOT 294 BLK23 (121 E MAIN)

Utilities

Heating system Forced Air
Water source Public

Amenities

conference rooms
breakrooms

Building Details

Year built 1999
Number of units 2
Building materials Brick
Architectural style Other
Listing Agency: Team Real Estate
Listed By: Daniel Cavanaugh · License #***
Added: Jul 8 Changed: Aug 21 Last Checked: Sep 5 at 4:06AM
MLS# 6316305

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.

Investment Insights

Based on property information with market context.

This two-story office building contains 21,198 square feet and was constructed in 1999 with brick construction. The interior includes conference rooms, breakrooms, and furnishings that are available with the property. An accessible elevator provides access between floors, while forced-air heating serves the building.

The property occupies 0.28 acres on East Main Street in downtown Ottumwa, Iowa. Public water serves the site. Leasing options will be considered in addition to the sale offering.

Key Highlights

  • 21,198‑square‑foot office building arranged across 2 floors
  • Accessible elevator installed for movement between floors
  • Conference rooms and breakrooms included

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center Big Box & Wholesale Store Storage Facility Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 52501, IA

30,313
Population
13,654
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
87%
High-School Grad
225.3 sq mi
ZIP Area
135
Density / Sq Mi
$59,091
Median Household Income
$40,173
Median Earnings
$955
Median Rent
$109,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Downtown office property with elevator access, conference rooms, breakrooms, and available furnishings.
Where is this office building located?
The property is located at 127 E Main Street Ottumwa, IA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 21,198‑square‑foot office building arranged across 2 floors; Accessible elevator installed for movement between floors; Conference rooms and breakrooms included
More about this property
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