Property profile

328 Main St Ottumwa, IA 52501

OFF-MARKET
Retail space
Property ID
US25-1489979
3,502 SF 0.08 ac lot Built 1880
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of a two-story brick mixed-use building in downtown Ottumwa, Iowa, on a 0.08-acre lot. The first floor is configured with retail space and a bar/eatery-style layout intended for food service that does not require open flames. The second floor contains a residential unit with two bedrooms and one bathroom, with room for improvement through a possible rear deck addition. An adjacent vacant three-story brick building is part of the property package, and together the buildings provide potential for configurations such as a two-level penthouse-style apartment with open-concept living, as well as additional retail or office use on the lower level of the adjacent building.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1880
Total area 3,502 SF
Lot 0.08 ac (3,278 SF)
APN 7411240296000
UPID US25-1489979

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

328 Main St Ottumwa, IA 52501-3041
Ottumwa metro Census 960500 OTTUMWA, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2020
Last sale
$125,000
2 recorded transactions
2022
Price N/A
2020
$125,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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