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    408 Church St Ottumwa, IA 52501

    Sponsored
    For Sale
    $125,000

    Huge Church Street building, endless potential!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional commercial property, located at 408 Church Street in the heart of Ottumwa, Iowa, presents a unique investment opportunity. Boasting nearly 9,000 square feet of versatile space on a 0.21-acre lot, this building offers a multitude of potential uses. Originally a funeral home, its adaptable layout includes a spacious main floor ideal for various commercial ventures. Multiple office spaces provide ample room for administrative functions or separate business units. The property also features three bathrooms on the lower level and two additional bathrooms upstairs, ensuring convenience for employees and clients. Significant storage areas and attached garages provide ample space for inventory, equipment, or vehicles. A standout feature is a highly visible 65-foot billboard, offering unparalleled signage opportunities for increased brand awareness and attracting significant attention from passersby on Church Street. The property's central location and substantial size make it an attractive prospect for a wide range of businesses seeking a prominent presence in Ottumwa. The asking price is $125,000. This is a rare chance to acquire a substantial commercial property with exceptional visibility and significant potential for future growth. Serious inquiries are encouraged.

    Property Features for 408 Church St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,148 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -92.41808
    Latitude
    41.00944

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    FAQs

    What type of property is this?
    Commercial real estate - Huge Church Street building, endless potential!
    Where is this commercial real estate located?
    The property is located at 408 Church St Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $125,000.
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    408 Church 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
    408 Church St Ottumwa, IA 52501
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