314 E Main Street, Ottumwa, Iowa 52501

IA, Ottumwa
$120,000
  • Commercial Sale Property Type
  • 1880 Year Built
  • Active Status
Property Description
This is your opportunity to own a very reasonably priced building that will allow you to locate your business in the heart of Ottumw’s redeveloping commercial district. 314 E. Main Street features three levels plus a full basement; and while the building needs a complete renovation, extensive work recently completed on the roof and exterior upper structure of the building. The street level floor has a rear entry from both, the public parking lot and the private parking for a couple of cars. This floor was formerly a popular gathering spot offering light food, drinks and dancing. The upper 2 floors contained rental apartments; and if renovated, the rental income could be significant. The structure is sound and it’s potential is limited by only your imagination. Currently there is the possibility of grant money being available. The program (Main Street Iowa Challenge Grant) is a 1:1match, with funding ranging from $25k to $100k. You can contact Ms. Sarah Lembke, Design Coordinaor at (515) 348-6181 for more information. Contact a Realtor and schedule a visit to tour this property. It is a truly a great opportunity to join the Downtown Renaissance, right here and now.
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6326811
  • Price: $120,000
  • Year Built: 1880
  • Status: Active
  • Office Name: RE/MAX Pride-Ottumwa
Features
  • Heating System None
  • Cooling System None
  • Parking Off Site
  • Architectural Style Retail
  • Sewer City Sewer/Connected
  • Utilities None
Address Map
  • Country US
  • State IA
  • County Wapello
  • City Ottumwa
  • Zipcode 52501
  • Street: Main
  • Street Number: 314
  • Street Suffix: Street
  • Longitude: W93° 35' 23.4''
  • Latitude: N41° 0' 56.6''
  • Directions: 300 Block of East Main Street
  • Street Dir Prefix: E
Additional Information
  • Accessibility Features: Partially Wheelchair
  • Association Amenities: None
  • Construction Materials: Brick
  • Lot Size Dimensions: 3278 sq. ft.
  • Number Of Units Total: 1
  • Possible Use: Lounge/Bar,Office,Professional/Office,Restaurant,Retail
  • Previous Price: 120000
Financial
  • Tax Annual Amount: 958
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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