501 N Sheridan Avenue, Ottumwa, Iowa 52501

IA, Ottumwa
$125,000
  • 0.19 Acre
  • Commercial Sale Property Type
  • 1968 Year Built
  • Active Status
Property Description
Are you an Investor or looking for an investment property? This building is currently producing income from 2 businesses with 2,337 sq. ft. of the building being rented as an event space and 330 sq. ft. as a nail/beauty salon. The entire sq. footage of the building was renovated in 2018 with an added furnace and central air unit to the event space. There is a separate window air AC unit and furnace for the nail/beauty salon, however, the tenants share the bathroom. There is a convenient handicap ramp in the rear of the building as well. The asphalt shingled roof was replaced 3 years ago. To accommodate event space tenants, two of the walls are partially covered with peg board for tenant decor to preventing damage to the walls, as well as, a conveniently placed kitchenette. There are three large display/storefront windows at the front of the building, and at the back of the building is a previously used loading dock with functioning garage door. The property provides paved parking to the front and back of the building. This well-maintained property has endless business opportunities being in the Church Street business district and is worth a look in person. Owner is relative of agent.
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6331146
  • Price: $125,000
  • Year Built: 1968
  • Lot Area: 0.19 Acre
  • Status: Active
  • Office Name: Bogle Realty LLC
  • Agent Name: Kayla Miller
  • Roof: Shingle
Farm Details
  • Land Features: Corner Lot
Features
  • Heating System Forced Air,Hot Water
  • Cooling System Central Air,Window Unit(s)
  • Parking Gravel,Concrete,Paved
  • Architectural Style Mixed Use
  • Flooring Vinyl,Floor Drains
  • Sewer City Sewer/Connected
  • Utilities Heating Separate
  • Window Features Display Window(s)
Address Map
  • Country US
  • State IA
  • County Wapello
  • City Ottumwa
  • Zipcode 52501
  • Street: Sheridan
  • Street Number: 501
  • Street Suffix: Avenue
  • Longitude: W93° 34' 51.6''
  • Latitude: N41° 0' 29.1''
  • Directions: Follow Church Street to North Sheridan Street. Traveling South on N. Sheridan St. the property is in the first block, on the corner of Garfield St. and N. Sheridan St.
  • Street Dir Prefix: N
  • Zoning: Business/Commercial
Additional Information
  • Accessibility Features: Doors 36"+
  • Building Size: 2667
  • Construction Materials: Concrete,Other,Metal Siding
  • Current Use: Commercial,Professional Service,Beauty/Barber Shop,Event Space
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 60X136
  • Number Of Units Total: 2
  • Possible Use: Grocery,Income,Industrial,Lounge/Bar,Medical/Dental,Office,Professional/Office,Rest/Lounge,Restaurant,Retail,Warehouse,Wholesale,Other
  • Previous Price: 168500
  • Water Source: Public
Financial
  • Tax Annual Amount: 1708
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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