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Brick Mixed-Use Building
For Sale
$55,000

229 E 2Nd Street, Ottumwa, IA 52501

1920 building on a downtown corner site with commercial, community, and creative-space reuse potential.

Property SizeContact for details
Days on Market289

Property Features for 229 E 2Nd Street

General Information

Standard status Active
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence does need significant TLC

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $2,146

Building Details

Year Built 1920
Buildings 1
Construction brick
Listing Agency: Ottumwa Realty
Listed By: Derek Gates · License #***
Source: Sweeneyrealestate
Added: Nov 14, 2025 Changed: Aug 30 Last Checked: Aug 30 at 7:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ottumwa Realty

Investment Insights

Based on property information with market context.

Built in 1920, this brick mixed-use property occupies a prominent corner site in downtown Ottumwa. The building previously served as the original YMCA and offers a substantial interior footprint for redevelopment.

The property requires significant TLC and is positioned for a renovation project involving commercial, mixed-use, community, or creative workspace concepts. Its downtown setting, corner placement, and existing access support consideration for a range of future plans.

Key Highlights

  • 1920 construction
  • Brick building on a corner lot in downtown Ottumwa
  • Previously occupied by the original YMCA

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Locksmith Furniture & Home Goods

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 1920 building on a downtown corner site with commercial, community, and creative-space reuse potential.
Where is this mixed-use property located?
The property is located at 229 E 2Nd Street Ottumwa, IA.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: 1920 construction; Brick building on a corner lot in downtown Ottumwa; Previously occupied by the original YMCA
More about this property
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