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    2504 Roemer Ave Ottumwa, IA 52501

    For Sale
    $539,000

    Versatile 3+ Acre Commercial Space

    Property size:
    6,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional Ottumwa commercial property boasts a prime 3.05-acre location and offers a diverse range of income-generating spaces. The property includes 6,000 square feet of climate-controlled, rented storage units, providing a consistent revenue stream. In addition to the storage units, there's a substantial 7,200 square feet of wholesale/commercial space, complete with convenient semi and trailer docks, ideal for various business operations. Further enhancing the property's versatility is an expansive 4,300 square feet of outdoor access storage units, catering to a broader range of storage needs. The property's substantial size and diverse offerings present a unique opportunity for investors and business owners seeking a multi-faceted commercial investment in a thriving location. The existing rental income from the storage units provides a solid foundation for immediate return on investment, while the ample space allows for expansion or diversification of business operations. The strategic location in Ottumwa, Iowa, offers excellent accessibility and visibility, making it an attractive proposition for a wide range of commercial ventures. This property represents a rare opportunity to acquire a well-established and versatile commercial space with significant potential for growth and profitability.

    Property Features for 2504 Roemer Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,000 SF
    Lot Size
    132,858 SF

    Building Details

    Year Built
    1998
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Accounting Firm Storage Facility Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.38091
    Latitude
    41.00926

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 3+ Acre Commercial Space
    Where is this commercial real estate located?
    The property is located at 2504 Roemer Ave Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $539,000.
    (515) 453-5800
    Request Owner's contact information
    2504 Roemer Ave 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
    2504 Roemer Ave Ottumwa, IA 52501
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