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    227 E Main St Ottumwa, IA 52501

    Pending
    For Sale
    $75,000

    Commercial Sale - Ottumwa, IA

    Lot size:
    0.20 Acres
    Days on Market:
    215
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 227 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    007411240254000
    Parking features
    On Street
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1943
    Number of units
    2
    Building materials
    Brick, Stucco
    Architectural style
    Other

    RE/MAX Pride Oskaloosa (641) 676-3456

    Listing agent Jason Carter (641) 676-3456 License #***

    Listing date May 6, 2025

    MLS# 6327315 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Ottumwa Commercial Opportunity

    This commercial land is located in downtown Ottumwa, Iowa. The lot size is 0.2 acres. This property presents a commercial opportunity in the downtown area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.410412
    Latitude
    41.01663

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    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in downtown Ottumwa, Iowa.
    Where is this commercial land located?
    The property is located at 227 E Main St Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Downtown location presents a great commercial opportunity.; - Constructed with durable brick and stucco materials.; - Forced air heating system.
    (641) 676-3456
    Request Owner's contact information
    227 E Main St Ottumwa, IA 52501
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    Ottumwa, IA 52501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 E Main St Ottumwa, IA 52501
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