Income-Producing Commercial Building in
501 N Sheridan Avenue, Ottumwa, IA 52501
COMMERCIAL - Other - Ottumwa, IA
Property size:
2,667 SFLot size:
0.19 AcresPrice / SF:
$46/SF- Added:
- Aug 23, 2025
- Days on Market:
- 264
- Last Refresh:
- May 13 at 4:06 pm
Property Features for 501 N Sheridan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Window features
- Display Window(s)
- Standard status
- Active Under Contract
- APN
- 007416920012000
- Size
- 2,667 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- SETH RICHARDS ADD LOT 8 (501 N SHERIDAN)
- Tax Annual Amount
- 1708
Utilities
- Heating system
- Forced Air, Hot Water(Heating)
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1968
- Number of units
- 2
- Flooring type
- Vinyl, Drainage
- Building materials
- Concrete, Metal Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Kayla Miller License #*** (641) 799-1408
Listing office Bogle Realty LLC 116 S 18th St, Centerville, IA (641) 437-4663
Listing date Aug 23, 2025
MLS# 6331146
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing property with two existing tenants.
- Renovated in 2018, including new furnace and central air unit for the event space.
- Located in the Church Street business district, offering endless business opportunities.
- Ample parking provided in both the front and back of the building.
- Features a functional loading dock with a garage door.
- Handicap ramp access in the rear of the building.
Overview
This commercial building is currently generating income from two businesses. The building was renovated in 2018, and features 2,337 square feet rented as an event space and 330 square feet occupied by a nail/beauty salon. The event space has its own furnace and central air unit. The nail/beauty salon has a separate window air conditioning unit and furnace, and the tenants share a bathroom. The building includes a handicap ramp at the rear. The asphalt shingle roof was replaced 3 years ago. Two of the walls in the event space are partially covered with peg board to allow tenants to decorate without damaging the walls. A kitchenette is conveniently located within the event space. The property features three large display/storefront windows at the front. At the back of the building is a previously used loading dock with a functioning garage door. Paved parking is available at the front and back of the building. The property is located in the Church Street business district on a lot of approximately 0.19 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Ottumwa
- County
- Wapello
- State
- Iowa
- Longitude
- -92.418717
- Latitude
- 40.997678
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Well-maintained commercial building with income potential in Church Street district.
Where is this retail space located?
The property is located at 501 N Sheridan Avenue Ottumwa, IA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Income‑producing property with two existing tenants.; Renovated in 2018, including **new furnace and central air unit for the event space.**; Located in the Church Street business district, offering endless business opportunities.
