501 N Sheridan Ave Ottumwa, IA 52501
- Retail space
- 2,667 SF
- 0.19 lot acres
Current Use by Public Records
- Retail space
Property Details for 501 N Sheridan Ave
- Year built
- 1968
- Construction
- LOG
- Lot size
- 0.19 lot acres
- Property size
- 2,667 SF
- Property type
- Retail space
- APN
- 7416920012000
- APU
- 7416920012000
Description
This exceptional mixed-use property at 501 N Sheridan Avenue, Ottumwa, IA, presents a compelling investment opportunity. Spanning 2,667 square feet on a 0.19-acre lot, the building currently generates income from two established businesses. 2,337 square feet are leased as an event space, while an additional 330 square feet houses a nail/beauty salon. A complete renovation in 2018 included the installation of a new furnace and central air conditioning unit for the event space. The nail/beauty salon has its own window air conditioner and furnace. While tenants share a bathroom, the property features a convenient handicap ramp at the rear. The asphalt shingle roof was replaced just three years ago, ensuring long-term durability. To protect the building's interior, two walls in the event space are partially covered with pegboard, allowing for tenant dГ©cor without wall damage. A kitchenette is also conveniently located within the event space. The building boasts three large storefront windows at the front and a functional loading dock with a garage door at the rear. Ample paved parking is available both in front and behind the building. Situated in the desirable Church Street business district, this well-maintained property offers significant potential for diverse business ventures. The asking price is $168,500.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ottumwa
- County
- Wapello
- State
- Iowa
- Longitude
- -92.419
- Latitude
- 41.0081
- CBSA code
- 36900
- CBSA name
- OTTUMWA, IA MICROPOLITAN STATISTICAL AREA
