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Property profile & analytics
FOR SALE
Banks

123 E 3Rd St Ottumwa, IA 52501

26,207 SF 0.6 ac lot Built 1956
Individually Owned Free & Clear
Property ID
US25-1463202
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1956
Construction LOG
Total area 26,207 SF
Lot 0.6 ac (26,136 SF)
APN 7411240198000
UPID US25-1463202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k
Owner & transaction history
FIRSTAR BANK OTTUMWA
FIRSTAR BANK OTTUMWA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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