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    203 2Nd St Ottumwa, IA 52501

    For Sale
    $120,000

    Prime Location, High Potential, 3 Stations

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 203 W Second Street in the vibrant heart of downtown Ottumwa, Iowa, presents a unique investment opportunity. Spanning 0.15 acres, the building offers a versatile layout ideal for a variety of businesses. The main space is generously sized, complemented by two smaller, functional rooms, providing ample flexibility for diverse operational needs. The property boasts three pre-installed and ready-to-use solarium stations, along with a substantial counter area, perfect for retail or service-based businesses. Convenient and ample parking is readily available, a significant advantage in a bustling downtown setting. Its strategic location offers unparalleled accessibility, with hotels, shopping centers, and banking institutions all within comfortable walking distance, ensuring high visibility and convenient access for both employees and customers. The property's central location and versatile design make it an exceptional opportunity for entrepreneurs seeking a thriving downtown presence. The asking price is $120,000. This is a rare chance to acquire a well-positioned commercial space in a dynamic and growing downtown area. Don't miss this chance to establish your business in a prime location.

    Property Features for 203 2Nd St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -92.41299
    Latitude
    41.01987

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High Potential, 3 Stations
    Where is this commercial real estate located?
    The property is located at 203 2Nd St Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $120,000.
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    203 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
    203 2Nd St Ottumwa, IA 52501
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