Mercy One Medical Office
For Sale
Contact for pricing
Pending
522 N Hancock St, Ottumwa, IA 52501
Built in 2017 for exclusive medical use, the property carries an absolute NNN lease with no landlord obligations.
Property SizeContact for details
Days on Market142
Property Features for 522 N Hancock St
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0626
Listed By:
Dan Lewkowicz · License #MI
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:11PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This purpose-built medical office property was completed in 2017 for Mercy One’s exclusive occupancy. The tenant has remained in place since construction, and the existing lease provides more than 7 years of its original 10-year term. The agreement is structured as an absolute NNN lease, placing all landlord obligations with the tenant.
The property is positioned near US-34 and S. Wapello St. in Ottumwa, Iowa, where the two routes collectively record more than 62,000 vehicles per day. Lease economics include 5% rent increases every 3 years through the initial term and each of the 3 five-year renewal options. The offering may also suit a buyer completing a 1031 exchange, as identified in the property information.
The property is positioned near US-34 and S. Wapello St. in Ottumwa, Iowa, where the two routes collectively record more than 62,000 vehicles per day. Lease economics include 5% rent increases every 3 years through the initial term and each of the 3 five-year renewal options. The offering may also suit a buyer completing a 1031 exchange, as identified in the property information.
Key Highlights
- Mercy One has occupied the building since its 2017 construction
- More than 7 years remain on the original 10‑year lease term
- Absolute NNN structure with no landlord obligations
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2017 for exclusive medical use, the property carries an absolute NNN lease with no landlord obligations.
Where is this medical office space located?
The property is located at 522 N Hancock St Ottumwa, IA.
What are key features of this property?
This property features: Mercy One has occupied the building since its 2017 construction; More than 7 years remain on the original 10‑year lease term; Absolute NNN structure with no landlord obligations
