408 Church St Ottumwa, IA 52501
For Sale
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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.
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.