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Property profile & analytics

123 E 3Rd St Ottumwa, IA 52501

  • Banks
  • 26,207 SF
  • 0.60 lot acres
Value Estimation
Location Intelligence
Property ID
US25-1463202
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Banks

Property Details for 123 E 3Rd St

Year built
1956
Construction
LOG
Lot size
0.60 lot acres
Property size
26,207 SF
Property type
Banks
APN
7411240198000
APU
7411240198000

Description

This exceptional commercial property presents a unique investment opportunity in Ottumwa, Iowa. Located at 123 3rd St E, this former bank building boasts a substantial 26,207 square feet of space, situated on a 0.6-acre lot. The building, constructed in 1956, has undergone renovations to achieve a Class A standard, ensuring a high-quality interior. The property is well-maintained and features a convenient surface parking lot, a significant advantage for potential tenants. The building is zoned for commercial use, offering flexibility for a variety of businesses. With a list price of $1,450,000, the price per square foot comes to $55.33. This prime location in Wapello County, Iowa, zip code 52501, offers excellent visibility and accessibility. The property's size and condition make it ideal for a wide range of commercial ventures, presenting a strong return on investment potential. The building's history as a bank provides a solid foundation for future success, and its updated interior ensures a modern and functional space for any business. This is a rare opportunity to acquire a substantial, well-maintained commercial property in a desirable location.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Ottumwa
County
Wapello
State
Iowa
Longitude
-92.4101
Latitude
41.0187
CBSA code
36900
CBSA name
OTTUMWA, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$37,358
$52,270
$974,620
$1,026,890
-
$52,270
$974,620
$1,026,890
More about this property
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