Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    501 N Sheridan Ave Ottumwa, IA 52501

    For Sale
    $168,500

    Mixed Use, Commercial Sale - Ottumwa, IA

    Property size:
    2,667 SF
    Lot size:
    0.19 Acres
    Days on Market:
    102
    Last Refresh:
    Dec 5 at 11:06 pm

    Property Features for 501 N Sheridan Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    007416920012000
    Parking features
    Paved or Surfaced
    Exterior features
    Corner Lot
    Size
    2,667 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air, Hot Water (Heating)
    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1968
    Number of units
    2
    Flooring type
    Drainage, Vinyl
    Building materials
    Concrete, Metal Siding
    Roof type
    Shingle
    Architectural style
    Other

    Bogle Realty LLC (641) 437-4663

    Listing agent Kayla Miller (641) 437-4663 License #***

    Listing date Aug 26, 2025

    MLS# 6331146 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

    Commercial Building in Church District

    This commercial building, located in the Church Street business district of Ottumwa, Iowa, is currently configured for multiple tenants and is being offered for sale. The property is divided into two spaces: a 2,337-square-foot event space and a 330-square-foot nail/beauty salon. Renovations were completed in 2018, including the addition of a furnace and central air conditioning unit to the event space. The nail/beauty salon has a separate window air conditioning unit and furnace, with shared bathroom facilities. The building features a handicap ramp at the rear for accessibility. The asphalt shingle roof was replaced three years ago. The event space includes pegboard partially covering two walls to facilitate tenant decor and a kitchenette. The building has three large display/storefront windows at the front. At the back is a previously used loading dock with a functioning garage door. Paved parking is available at both the front and back of the building. The lot size is 0.19 acres, and the total building size is 2,667 square feet. The property's zoning is Business/Commercial, offering various business opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.419009
    Latitude
    41.008083

    Nearby Similar for Sale

    • $549,900
      9,828 SF

      Historic Mixed-Use Building in Ottumwa

      Historic Ottumwa mixed-use property with event spaces and apartments.
      220 N Court St, Ottumwa, IA 52501
      View Details
    • $75,000
      0.30 Acres

      Historic Ottumwa Mixed-Use Opportunity

      Massive brick building in downtown Ottumwa with redevelopment potential.
      229 E 2Nd St, Ottumwa, IA 52501
      View Details
    • $575,000
      Pending

      107-Acre Farm in Wapello County

      Versatile 107-acre farm with hay production, pasture, and ponds.
      20462 Co Hwy, Ottumwa, IA 52501
      View Details
    • $750,000
      Pending

      Ottumwa Fourplex Near Regional Health

      Low-maintenance fourplex with high-end apartments and great rental opportunity.
      1112 N Van Buren Ave, Ottumwa, IA 52501
      View Details
    • $900,000
      5,760 SF

      Ottumwa Golf Course and Venue

      Established golf course and event venue in Ottumwa, Iowa.
      304 E Golf Ave, Ottumwa, IA 52501
      View Details
    • $190,000
      1,824 SF

      Updated Fourplex in Ottumwa, Iowa

      Renovated four-unit property with modern amenities and strong rental potential.
      524 N Wapello St, Ottumwa, IA 52501
      View Details

    FAQs

    What type of property is this?
    Retail space - Income-producing commercial building in Ottumwa's Church Street business district.
    Where is this retail space located?
    The property is located at 501 N Sheridan Ave Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $168,500.
    What are key features of this property?
    This property features: - Income-producing property with existing tenants (event space and nail/beauty salon).; - Renovated in 2018 with updated HVAC systems for both tenant spaces.; - Prime location in the Church Street business district.
    (641) 437-4663
    Request Owner's contact information
    501 N Sheridan Ave Ottumwa, IA 52501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 N Sheridan Ave
    Ottumwa, IA 52501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 N Sheridan Ave Ottumwa, IA 52501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.