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    229 E 2Nd St Ottumwa, IA 52501

    For Sale
    $75,000

    Mixed Use, Commercial Sale - Ottumwa, IA

    Lot size:
    0.30 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 229 E 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    007411240202000
    Parking features
    Paved or Surfaced
    Lot size
    0.30 Acres

    Building Details

    Year built
    1920
    Building materials
    Brick
    Architectural style
    Other

    Ottumwa Realty (641) 683-7653

    Listing agent Derek Gates (641) 683-7653 License #***

    Listing date Nov 14, 2025

    MLS# 6333725 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

    Historic Ottumwa Mixed-Use Opportunity

    Located in the heart of Ottumwa's historic downtown, this large brick building, formerly the original YMCA, occupies a corner lot with high visibility and accessibility. The structure provides a substantial amount of space and a layout suitable for various redevelopment possibilities, including commercial, mixed-use, community space, creative workspace, or an investor renovation project. Situated on a 0.3-acre lot, this property presents an opportunity for those seeking a project with potential in downtown Ottumwa. The property requires significant TLC, but its size, location, and history make it a unique opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.409453
    Latitude
    41.017253

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    FAQs

    What type of property is this?
    Mixed-use property - Massive brick building in downtown Ottumwa with redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 229 E 2Nd 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: - Prime downtown location with high visibility and access.; - Significant redevelopment potential for commercial, mixed-use, or community space.; - Massive brick building offering an incredible amount of space.
    (641) 683-7653
    Request Owner's contact information
    229 E 2Nd St 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
    229 E 2Nd St Ottumwa, IA 52501
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