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Property profile & analytics
FOR SALE
Specialty properties

408 Church St Ottumwa, IA 52501

13,129 SF 0.21 ac lot Built 1900
Entity Owned 8-yr Hold Free & Clear
Property ID
US25-1921728
Property summary
AI-generated overview

This exceptional commercial property, located at 408 Church Street in the heart of Ottumwa, Iowa, presents a unique investment opportunity. Boasting nearly 9,000 square feet of versatile space on a 0.21-acre lot, this building offers a multitude of potential uses. Originally a funeral home, its adaptable layout includes a spacious main floor ideal for various commercial ventures. Multiple office spaces provide ample room for administrative functions or separate business units. The property also features three bathrooms on the lower level and two additional bathrooms upstairs, ensuring convenience for employees and clients. Significant storage areas and attached garages provide ample space for inventory, equipment, or vehicles. A standout feature is a highly visible 65-foot billboard, offering unparalleled signage opportunities for increased brand awareness and attracting significant attention from passersby on Church Street. The property's central location and substantial size make it an attractive prospect for a wide range of businesses seeking a prominent presence in Ottumwa. The asking price is $125,000. This is a rare chance to acquire a substantial commercial property with exceptional visibility and significant potential for future growth. Serious inquiries are encouraged.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1900
Construction LOG
Total area 13,129 SF
Lot 0.21 ac (9,044 SF)
APN 7416850027000
UPID US25-1921728
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
Rham 3 LLC · 8 yrs held
Rham 3 LLC
since 2017
1 recorded transaction
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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