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    Ottumwa, IA Office Spaces for Sale

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    Agency, IA Bloomfield, IA Blakesburg, IA Hedrick, IA Floris, IA Batavia, IA Unionville, IA Fremont, IA
    6 properties
    Three-Unit Mixed-Use Building
    Updated: Aug 7
    Three-Unit Mixed-Use Building

    402 Richmond Ave, Ottumwa, IA 52501

    $165,000
    2,200 sqft
    Three‑unit mixed‑use building at 402 Richmond Ave, Ottumwa, IA
    2,200 SF property with residential and commercial components
    Upper‑level 2 bedroom apartment is currently occupied
    Main‑level studio apartment requires updates
    Commercial area includes 2 office spaces and a kitchenette
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    402 Richmond Ave, Ottumwa, IA

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $13K
      Annual

    • Price @ 7% Cap

      $180K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1910
    View Property Analytics
    Two-Story Office Building
    Updated: Jul 8
    Two-Story Office Building

    127 E Main Street, Ottumwa, IA 52501

    $2,000,000
    0.28 AC lot
    21,198‑square‑foot office building arranged across 2 floors
    Accessible elevator installed for movement between floors
    Conference rooms and breakrooms included
    Furnishings available
    Brick construction completed in 1999
    View details
    Historic Downtown Mixed-Use Building
    Historic Downtown Mixed-Use Building

    229 E 2Nd Street, Ottumwa, IA 52501

    $55,000
    0.30 AC lot

    Corner-lot brick property requiring substantial renovation, with a former YMCA layout and broad redevelopment potential.

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    Multi-Building Flex Space Complex
    Multi-Building Flex Space Complex

    201 S Iowa Ave, Ottumwa, IA 52501

    $549,999
    49,052 sqft 2.54 AC lot

    Multiple structures combine warehouse, office, retail, shop, and outdoor yard areas.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Story Office Building
    Two-Story Office Building

    127 E Main Street, Ottumwa, IA 52501

    $2,000,000
    21,198 sqft

    Elevator-served workplace with conference rooms, breakrooms, and furnishings available.

    View details
    Mercy One Medical Office Building
    Mercy One Medical Office Building

    522 N Hancock St, Ottumwa, IA 52501

    Contact for pricing

    Built in 2017 for exclusive medical use, the property carries an absolute NNN lease with no landlord obligations.

    View details
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 6 Active listings in Ottumwa, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Unit Office Building
    Multi-Unit Office Building

    2303 8Th Avenue E, University Park, IA 52595

    $249,900
    0.75 AC lot

    Remodeled main-floor areas complement two large upstairs office units and a finished walk-out basement.

    View details
    Flex Building With Shop Space
    Flex Building With Shop Space

    2062 653rd Avenue, Albia, IA 52531

    $540,000

    Flexible commercial building with finished office or living space, insulated shop area, and paved-road access near Highway 5.

    View details
    Flex Building with Shop Space
    Flex Building with Shop Space

    512 N B Street, Albia, IA 52531

    Contact for pricing
    3,750 sqft

    Multipurpose commercial layout combines offices with heated work areas.

    View details
    Office Building With Finished Basement
    Office Building With Finished Basement

    2303 8Th Avenue E, University Park, IA 52595

    Contact for pricing

    Updated main-floor finishes and a walk-out basement support flexible office layouts.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land on Highway
    Prime Development Land on Highway

    Parcel #1014300003, Oskaloosa, IA 52577

    $3,800,000
    21.53 AC lot

    21.53 acre commercial development parcel with high visibility.

    View details

    Off-Market Properties in Ottumwa, IA

    Consider similar Off-Market properties in Ottumwa, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    296 Richmond Ave
    OFFICE BUILDING

    296 Richmond Ave, Ottumwa, IA 52501-4226

    $260,000
    Estimated value
    3,660 sqft 0.22 AC lot
    View details
    502 Forrest Ave
    OFFICE BUILDING

    502 Forrest Ave, Ottumwa, IA 52501-1518

    $450,000
    Estimated value
    1,472 sqft 22.56 AC lot
    View details
    203 Main St
    OFFICE BUILDING

    203 Main St, Ottumwa, IA 52501-2917

    $220,000
    Estimated value
    5,442 sqft 0.06 AC lot
    View details
    116 Market St
    OFFICE BUILDING

    116 Market St, Ottumwa, IA 52501-2921

    $230,000
    Estimated value
    3,432 sqft 0.04 AC lot
    View details
    6733 120th Ave
    OFFICE BUILDING

    6733 120th Ave, Ottumwa, IA 52501-9155

    $235,000
    Estimated value
    648 sqft 33.07 AC lot
    View details
    215 4th St
    OFFICE BUILDING

    215 4th St, Ottumwa, IA 52501-2513

    $180,000
    Estimated value
    2,482 sqft 0.30 AC lot
    View details
    727 Pennsylvania Ave
    MEDICAL BUILDING

    727 Pennsylvania Ave, Ottumwa, IA 52501-2153

    $550,000
    Estimated value
    3,273 sqft 1.40 AC lot
    View details
    531 Sheridan Ave
    OFFICE BUILDING

    531 Sheridan Ave, Ottumwa, IA 52501-4258

    $245,000
    Estimated value
    1,618 sqft 0.07 AC lot
    View details
    2427 Northgate St
    MEDICAL BUILDING

    2427 Northgate St, Ottumwa, IA 52501-1117

    $185,000
    Estimated value
    3,960 sqft 0.62 AC lot
    View details
    301 Main St
    MEDICAL BUILDING

    301 Main St, Ottumwa, IA 52501-2524

    $385,000
    Estimated value
    2,000 sqft 0.20 AC lot
    View details
    1191 Railroad St
    OFFICE BUILDING

    1191 Railroad St, Ottumwa, IA 52501-3601

    $275,000
    Estimated value
    864 sqft 3.21 AC lot
    View details
    921 Pennsylvania Ave
    MEDICAL BUILDING

    921 Pennsylvania Ave, Ottumwa, IA 52501-2138

    $270,000
    Estimated value
    3,004 sqft 1.52 AC lot
    View details
    1317 Elm St
    MEDICAL BUILDING

    1317 Elm St, Ottumwa, IA 52501-6417

    $230,000
    Estimated value
    2,192 sqft 0.52 AC lot
    View details
    297 Richmond Ave
    OFFICE BUILDING

    297 Richmond Ave, Ottumwa, IA 52501-4227

    $190,000
    Estimated value
    2,973 sqft 0.34 AC lot
    View details
    412 Main St
    OFFICE BUILDING

    412 Main St, Ottumwa, IA 52501-3026

    $75,000
    Estimated value
    3,432 sqft 0.05 AC lot
    View details
    210 Tisdale St
    OFFICE BUILDING

    210 Tisdale St, Ottumwa, IA 52501-2338

    $40,000
    Estimated value
    600 sqft 0.07 AC lot
    View details
    303 2nd St
    PROFESSIONAL BUILDING

    303 2nd St, Ottumwa, IA 52501-3001

    $70,000
    Estimated value
    1,052 sqft 0.31 AC lot
    View details
    514 Woodland Ave
    PROFESSIONAL BUILDING

    514 Woodland Ave, Ottumwa, IA 52501-1810

    $240,000
    Estimated value
    2,484 sqft 0.25 AC lot
    View details

    Ottumwa, IA Office Spaces Market Trends and Statistics

    Explore 72 office spaces for sale in Ottumwa, IA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 72,450 square feet of properties for sale, with an estimated market value of $4,769,999.

    Sale prices for office spaces in Ottumwa, IA start at $55,000, averaging $953,999, and reaching up to $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 5
    Office buildings 2
    Creative space 1
    Medical Office Space 1

    Demographics Overview

    Population 30K
    Population Growth (5Y) +2.3%
    Median Household Income $59,091
    College Educated 28.3%

    High-Yield Neighborhoods for Investment

    Identify Ottumwa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    52501 $165K

    Taxes & Financing

    Tax Rate (average for all types) 3.02%
    Property Tax per SF $37.77 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

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