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Three-Level Mixed-Use Building
For Sale
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314 E Main Street, Ottumwa, IA 52501

Three levels and a full basement support a commercial floor with upper apartment layouts.

Property SizeContact for details
Days on Market141

Property Features for 314 E Main Street

General Information

Standard status Active
Property subtype Office, Retail

Property Condition

Severity Major Repairs Needed
Evidence the building needs a complete renovation

Additional Details

Road Access Yes

Building Details

Buildings 1
Stories 3
Listing Agency: RE/MAX Pride-Ottumwa
Listed By: Anthony Duprey
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 6:59PM

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 RE/MAX Pride-Ottumwa

Investment Insights

Based on property information with market context.

This mixed-use building includes three levels and a full basement. The street-level floor has rear access to both a public parking lot and private parking for a couple of cars. The upper two floors were configured as rental apartments, while the ground floor previously accommodated a gathering venue with light food, drinks, and dancing. The property requires a complete renovation, with extensive recent work completed on the roof and upper exterior structure.

Located at 314 E Main Street in Ottumwa, the building sits within the city’s commercial district. Its combination of street-level commercial space, upper-floor residential layouts, basement area, and multiple rear-entry points provides a broad existing framework for redevelopment.

Key Highlights

  • Three levels plus a full basement
  • Street‑level commercial floor with rear access
  • Upper two floors previously configured as rental apartments

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center Grocery & Convenience Store Skin Care Clinic 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

934
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three levels and a full basement support a commercial floor with upper apartment layouts.
Where is this mixed-use property located?
The property is located at 314 E Main Street Ottumwa, IA.
What are key features of this property?
This property features: Three levels plus a full basement; Street‑level commercial floor with rear access; Upper two floors previously configured as rental apartments
(863) 604-9516 Call to check price and availability
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