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Property profile & analytics
FOR SALE
Office buildings

203 W 2Nd St Ottumwa, IA 52501

1,392 SF 0.15 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
Property ID
US25-2194670
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction FRAME
Total area 1,392 SF
Lot 0.15 ac (6,534 SF)
APN 7413760178000
UPID US25-2194670
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ottumwa Express Clinic P LLC · 1 yrs held
Ottumwa Express Clinic P LLC
since 2025
Last sale
$87,500
3 recorded transactions
2025
Price N/A
2021
$87,500
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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