501 N Sheridan Avenue Ottumwa, IA $ 168,500
501 N Sheridan Avenue
$ 168,500
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501 N Sheridan Avenue

Ottumwa, IA, 52501
$ 168,500
Bedrooms-- Baths-- Sq 2,667

Monthly Estimate*

$ 1,051

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Commercial Property for sale in Ottumwa, IA

for $168,500. This 2,667 square foot building was built in 1968 on a lot size of 0.19.

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.

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Commercial Active

Price

$ 168,500

Property Type

Commercial

Taxes

$ 1,708

Style

Mixed Use

Lot Size

0.19

Year Built

1968

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6331146

Features
General
Sewer City Sewer/Connected
Heating Forced Air Hot Water
Cooling Central Air Window Unit(s)
Utilities Heating Separate
Roof Shingle
Zoning Business/Commercial
Garage Spaces 0
Architectural Style Mixed Use
Construction Materials Concrete Metal Siding Other
Year Built 1968
Tax Year 2022
Current Use Beauty/Barber Shop Commercial Event Space Professional Service
Accessibility Doors 36 +
County Wapello
Property Type Commercial Sale
Contingency None
Subdivision Name SETH RICHARDS ADD
Possible Use Grocery Income Industrial Lounge/Bar Medical/Dental Office Other Professional/Office Rest/Lounge Restaurant Retail Warehouse Wholesale
Status Active
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.
Association Name SEIA
Open Parking Spaces 1
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 8276.4
Tax Annual Amount 1708
Living Area Units Square Feet
Standard Status Active
Legal Description SETH RICHARDS ADD LOT 8 (501 N SHERIDAN)
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Interior
Flooring Floor Drains Vinyl
Window Features Display Window(s)
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Exterior
Parking Features Gravel Concrete Paved
Lot Features Corner Lot
Water Source Public
Building Area Total 2667
Lot Dimensions 60X136
Lot Size Acres 0.19
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* Excluded Features
List By
Kayla Miller

Listing Agent

Bogle Realty Llc

Broker

kaylamiller@boglerealty.com

Email

Affordability Calculator

$1,194
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,051
Monthly Property Taxes
$142
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2025$168,500 Listed Price

Map


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501 N Sheridan Avenue, Ottumwa, IA, 52501 is a Commercial Property for sale at $168,500 with 2,667 sqft and a lot size of 0.19. 501 N Sheridan Avenue was built in 1968. The property's zip code is 52501 which is in Ottumwa, IA