Listing Agency: CBRE

Listed By: Mike Macri, CCIM Show Phone

Source: Cbre

Added: Mar 26 Changed: Sep 8 Last Checked: Sep 8 at 7:11AM

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Investment Insights

Based on property information with market context.

The property at 1005 Pennsylvania Avenue in Ottumwa, IA, is a newly renovated healthcare destination designed to meet the needs of Southeast Iowa. Located off Hwy 63 near Ottumwa Regional Hospital, this facility offers flexible medical spaces, including white-box suites ready for build-to-suit customization, as well as second-generation units. The center is home to leading providers such as Wolfe Eye Clinic, University of Iowa Clinics, MercyOne Heart Center, and DaVita. The property features ample parking and easy access for patients, staff, and physicians. With its prime location, adaptable spaces, and patient-focused design, this Ottumwa Clinic property is positioned as a regional hub for healthcare.

Key Highlights

• Premier healthcare destination in Southeast Iowa, near Ottumwa Regional Hospital.
• Anchored by leading healthcare providers: Wolfe Eye Clinic, University of Iowa Clinics, MercyOne Heart Center, and DaVita.
• Flexible medical spaces, including white‑box suites for build‑to‑suit customization and second‑generation units.

Property Analytics

Property Profile

Current Use

Medical centers

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Building Supply Hair Salon

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

Lease Details

NNN (Triple Net)

Lease Type

$2.18 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

368

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this medical centers located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical center - Premier healthcare facility with customizable suites near Ottumwa Regional Hospital.

Where is this medical center located?

The property is located at 1005 East Pennsylvania Avenue Ottumwa, IA.

What is the lease rate?

The lease rate is $14.50 SF/Yr.

What are key features of this property?

This property features: Premier healthcare destination in Southeast Iowa, near Ottumwa Regional Hospital.; Anchored by leading healthcare providers: Wolfe Eye Clinic, University of Iowa Clinics, MercyOne Heart Center, and DaVita.; Flexible medical spaces, including **white‑box suites for build‑to‑suit customization** and second‑generation units.