229 E 2Nd Street Ottumwa, IA $ 75,000
229 E 2Nd Street
$ 75,000
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229 E 2Nd Street

Ottumwa, IA, 52501
$ 75,000
Bedrooms-- Baths--

Monthly Estimate*

$ 462

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Commercial Property for sale in Ottumwa, IA

for $75,000. This building was built in 1920 on a lot size of 0.3.

Endless potential in the heart of Ottumwa’s historic downtown! Once home to the original YMCA, this massive brick building sits prominently on a corner lot with excellent visibility and access. The structure offers an incredible amount of space and a layout that opens the door to a wide variety of redevelopment possibilities—commercial, mixed-use, community space, creative workspace, or investor renovation project. This is a foreclosure and does need significant TLC, but the size, location, and history make it an opportunity rarely found at this price point. Seller financing is available with a strong down payment, giving buyers flexibility to bring their vision to life. If you’re looking for a high-potential project in downtown Ottumwa, this property is ready for your ideas. Schedule a showing and explore what this building could become!

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Commercial Active

Price

$ 75,000

Property Type

Commercial

Taxes

$ 2,146

Style

Mixed Use

Lot Size

0.3

Year Built

1920

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6333725

Features
General
Sewer City Sewer/Connected
Heating None
Utilities None
Garage Spaces 0
Architectural Style Mixed Use
Construction Materials Brick
Year Built 1920
Tax Year 2024
Current Use Church
Accessibility None
County Wapello
Property Type Commercial Sale
Contingency None
Subdivision Name OTTUMWA ORIG
Possible Use None
Status Active
Directions Corner of Green and 2nd
Association Name SEIA
Open Parking Spaces 8
Number Of Units Total 0
Lot Size Units Acres
Lot Size Square Feet 13068
Tax Annual Amount 2146
Living Area Units Square Feet
Standard Status Active
Legal Description OTTUMWA ORIGINAL LOT 191 BLK 15 (229 E SECOND)
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Exterior
Parking Features Paved
Water Source Public
Lot Dimensions 66X198
Lot Size Acres 0.3
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* Excluded Features
List By
Derek Gates

Listing Agent

Ottumwa Realty

Broker

derek@ottumwarealty.com

Email

Affordability Calculator

$641
Per Month
72%
28%
0%
Monthly Principal & Interest
$462
Monthly Property Taxes
$179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
11/14/2025$75,000 Listed Price

Map


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229 E 2Nd Street, Ottumwa, IA, 52501 is a Commercial Property for sale at $75,000 with a lot size of 0.3. 229 E 2Nd Street was built in 1920. The property's zip code is 52501 which is in Ottumwa, IA