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Brick Mixed-Use Building
For Sale
$55,000

229 E 2Nd Street, Ottumwa, IA 52501

Commercial Sale, Ottumwa, IA

Property SizeContact for details
Lot Size0.30 Acres
Days on Market308

Property Features for 229 E 2Nd Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision OTTUMWA ORIG
Directions Corner of Green and 2nd
Standard status Active
APN 007411240202000
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description OTTUMWA ORIGINAL LOT 191 BLK 15 (229 E SECOND)
Tax Annual Amount 2146
Legal Description OTTUMWA ORIGINAL LOT 191 BLK 15 (229 E SECOND)

Utilities

Water source Public

Building Details

Year built 1920
Building materials Brick
Architectural style Other
Listing Agency: Ottumwa Realty
Listed By: Derek Gates · License #***
Added: Nov 14, 2025 Changed: Sep 7 Last Checked: Sep 18 at 10:06AM
MLS# 6333725

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.

Built in 1920, this brick mixed-use property occupies a 0.3-acre corner lot in downtown Ottumwa. The building formerly housed the original YMCA and offers a substantial existing structure for a future redevelopment or renovation project.

The property is located at 229 E 2nd Street in Ottumwa, Iowa, with public water service. Its downtown setting, prominent corner position, and existing brick construction support consideration for commercial, community, creative, or other mixed-use applications, subject to applicable approvals. The building requires significant TLC.

Key Highlights

  • 0.3‑acre corner‑lot property in downtown Ottumwa
  • Brick building constructed in 1920
  • Former home of the original YMCA

Property Analytics

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Current Use

Creative space

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Locksmith Furniture & Home Goods

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown corner-lot property with redevelopment potential and a brick structure requiring significant renovation.
Where is this mixed-use property located?
The property is located at 229 E 2Nd Street Ottumwa, IA.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: 0.3‑acre corner‑lot property in downtown Ottumwa; Brick building constructed in 1920; Former home of the original YMCA
More about this property
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