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Renovated Healthcare Destination in Ottumwa
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1005 E Pennsylvania Ave, Ottumwa, IA 52501

Premier healthcare facility with customizable suites near Ottumwa Regional Hospital.

Space SizeContact for details
Property Size70,046 SF
Days on Market1775

Property Features for 1005 E Pennsylvania Ave

General Information

Standard status Active
Size 70,046 SF
Class B
Property subtype Office, Special Purpose
Lease Type NNN

Building Details

Building Size 70,046 SF
Tenancy Multiple

Spaces For Lease

at 1005 E Pennsylvania Ave Contact us

Available Spaces

Type
Office
Lease Type
NNN
Availability
Active
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Listing Agency: CBRE - Des Moines
Listed By: Mike Macri III, CCIM, MRED, CRE · License #IA S42743000
Source: Crexi
Added: Oct 12, 2021 Changed: Aug 8 Last Checked: Aug 20 at 11:55AM

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 CBRE - Des Moines

Investment Insights

Based on property information with market context.

The property at 1005 Pennsylvania Avenue in Ottumwa, IA, is a newly renovated healthcare destination designed to meet the needs of Southeast Iowa. Located off Hwy 63 near Ottumwa Regional Hospital, this facility offers flexible medical spaces, including white-box suites ready for build-to-suit customization, as well as second-generation units. The center is home to leading providers such as Wolfe Eye Clinic, University of Iowa Clinics, MercyOne Heart Center, and DaVita. The property features ample parking and easy access for patients, staff, and physicians. With its prime location, adaptable spaces, and patient-focused design, this Ottumwa Clinic property is positioned as a regional hub for healthcare.

Key Highlights

  • Premier healthcare destination in Southeast Iowa, near Ottumwa Regional Hospital.
  • Anchored by leading healthcare providers: Wolfe Eye Clinic, University of Iowa Clinics, MercyOne Heart Center, and DaVita.
  • Flexible medical spaces, including white‑box suites for build‑to‑suit customization and second‑generation units.

Property Analytics

Current Use

Medical centers

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Building Supply Hair Salon

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

NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

368
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
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Frequently Asked Questions

What type of property is this?
Medical center - Premier healthcare facility with customizable suites near Ottumwa Regional Hospital.
Where is this medical center located?
The property is located at 1005 E Pennsylvania Ave Ottumwa, IA.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Premier healthcare destination in Southeast Iowa, near Ottumwa Regional Hospital.; Anchored by leading healthcare providers: Wolfe Eye Clinic, University of Iowa Clinics, MercyOne Heart Center, and DaVita.; Flexible medical spaces, including **white‑box suites for build‑to‑suit customization** and second‑generation units.
More about this property
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