116 N Market Street Ottumwa, IA ^$ 345,000

116 N Market Street

^$ 345,000

Back to search

116 N Market Street

Ottumwa, IA, 52501

^$ 345,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 2,152

116 N Market Street, Ottumwa, IA 52501 - Image 1

116 N Market Street, Ottumwa, IA 52501 - Image 2

116 N Market Street, Ottumwa, IA 52501 - Image 3

116 N Market Street, Ottumwa, IA 52501 - Image 4

116 N Market Street, Ottumwa, IA 52501 - Image 5

116 N Market Street, Ottumwa, IA 52501 - Image 6

116 N Market Street, Ottumwa, IA 52501 - Image 7

116 N Market Street, Ottumwa, IA 52501 - Image 8

116 N Market Street, Ottumwa, IA 52501 - Image 9

116 N Market Street, Ottumwa, IA 52501 - Image 10

116 N Market Street, Ottumwa, IA 52501 - Image 11

116 N Market Street, Ottumwa, IA 52501 - Image 12

116 N Market Street, Ottumwa, IA 52501 - Image 13

116 N Market Street, Ottumwa, IA 52501 - Image 14

116 N Market Street, Ottumwa, IA 52501 - Image 15

116 N Market Street, Ottumwa, IA 52501 - Image 16

116 N Market Street, Ottumwa, IA 52501 - Image 17

116 N Market Street, Ottumwa, IA 52501 - Image 18

116 N Market Street, Ottumwa, IA 52501 - Image 19

116 N Market Street, Ottumwa, IA 52501 - Image 20

116 N Market Street, Ottumwa, IA 52501 - Image 21

116 N Market Street, Ottumwa, IA 52501 - Image 22

116 N Market Street, Ottumwa, IA 52501 - Image 23

116 N Market Street, Ottumwa, IA 52501 - Image 24

116 N Market Street, Ottumwa, IA 52501 - Image 25

116 N Market Street, Ottumwa, IA 52501 - Image 26

116 N Market Street, Ottumwa, IA 52501 - Image 27

116 N Market Street, Ottumwa, IA 52501 - Image 28

116 N Market Street, Ottumwa, IA 52501 - Image 29

116 N Market Street, Ottumwa, IA 52501 - Image 30

116 N Market Street, Ottumwa, IA 52501 - Image 31

116 N Market Street, Ottumwa, IA 52501 - Image 32

116 N Market Street, Ottumwa, IA 52501 - Image 33

116 N Market Street, Ottumwa, IA 52501 - Image 34

116 N Market Street, Ottumwa, IA 52501 - Image 35

116 N Market Street, Ottumwa, IA 52501 - Image 36

View a Virtual Tour

Commercial Property for sale in Ottumwa, IA

for $345,000. This building was built in 1863 on a lot size of 0.06.

Fantastic investment opportunity. This building formerly housed Pallister Brothers Bar & Taproom. It is still set up for a turn-key brewery/ bar opportunity. Inventory list will be available upon request. There are two executive apartments upstairs and a law office on the main level. All three spaces are rented and bring in a great monthly income. Brand new facade in 2024 and a complete renovation of the building within the last 15 years. This truly is a must see. Call an agent to schedule a showing today.

Commercial Active

Price

^$ 345,000

Property Type

Commercial

Taxes

^$ 4,639

Style

Mixed Use

Lot Size

0.06

Year Built

1863

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6331258

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate Heating Separate Hot Water Common

Garage Spaces 0

Architectural Style Mixed Use

Construction Materials Brick

Year Built 1863

Tax Year 2023

Current Use Commercial Event Space Food Service Office Residential

Accessibility None

County Wapello

Property Type Commercial Sale

Contingency None

Subdivision Name OTTUMWA ORIG

Possible Use Income Lounge/Bar Office Rest/Lounge Restaurant Retail

Status Active

Directions x

Association Name SEIA

Open Parking Spaces 0

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 2613.6

Tax Annual Amount 4639

Virtual Tour https://tour.giraffe360.com/f743c460f323472d9a4dc090e188656d/

Living Area Units Square Feet

Standard Status Active

Legal Description OTTUMWA ORIGINAL SW OTTUMWA ORIGINAL SW 40.36'OF NE 80.4'LOT 40.36'OF NE 80.4'LOT 196 BLK 15 196 BLK 15 (116 N MARKET - LOWE (116 N MARKET - LOWE R - APT 1 & 2 UPPER) R - APT 1 & 2 UPPER)

Exterior

Parking Features On Street

Water Source Public

Lot Dimensions 40X66

Lot Size Acres 0.06

* Excluded Features

List By

Anthony Gevock

Listing Agent

Re/Max Pride-Ottumwa

Broker

641-683-3777

Contact

Affordability Calculator

$2,539

Per Month

Monthly Principal & Interest: $2,152
Monthly Property Taxes: $387
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Ottumwa, IA

Average List Price ^$358,973

Percent of Sale Price 4%

About Ottumwa, IA

24,695 Population

-2% Since 2002

^$38,797 Median Income

38.59 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/27/2025	$345,000		Listed Price

Map

More homes like this one

homes for you

See all

116 N Market Street, Ottumwa, IA, 52501 is a Commercial Property for sale at $345,000 with a lot size of 0.06. 116 N Market Street was built in 1863. The property's zip code is 52501 which is in Ottumwa, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 12/16/2025.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

116 N Market Street

Commercial Property for sale in Ottumwa, IA

Affordability Calculator

Map

More homes like this one

Get more info about this home