203 W 2Nd St Ottumwa, IA 52501
For Sale
1 / 24
This exceptional commercial property, situated at 203 W Second Street in the vibrant heart of downtown Ottumwa, Iowa, presents a unique investment opportunity. Spanning 0.15 acres, the building offers a versatile layout ideal for a variety of businesses. The main space is generously sized, complemented by two smaller, functional rooms, providing ample flexibility for diverse operational needs. The property boasts three pre-installed and ready-to-use solarium stations, along with a substantial counter area, perfect for retail or service-based businesses. Convenient and ample parking is readily available, a significant advantage in a bustling downtown setting. Its strategic location offers unparalleled accessibility, with hotels, shopping centers, and banking institutions all within comfortable walking distance, ensuring high visibility and convenient access for both employees and customers. The property's central location and versatile design make it an exceptional opportunity for entrepreneurs seeking a thriving downtown presence. The asking price is $120,000. This is a rare chance to acquire a well-positioned commercial space in a dynamic and growing downtown area. Don't miss this chance to establish your business in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.