328 E Main Street Ottumwa, IA $ 335,000
328 E Main Street
$ 335,000
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328 E Main Street

Ottumwa, IA, 52501
$ 335,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,063

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Commercial Property for sale in Ottumwa, IA

for $335,000. This building was built in 1880 on a lot size of 0.08.

Charming Two-Story Brick Building in Downtown Ottumwa! This versatile property features an income-ready retail space and a bar/eatery layout on the first floor, ideal for a low-risk cafe or breakfast spot (no open flame required for lower overhead!). The second floor boasts a ready-to-rent or live in two-bedroom, one-bathroom apartment, with potential monthly rental income of $2,500 plus a possibility of having a year of income with the current businesses. There's also an opportunity to add a rear deck for even more appeal! Don't miss out on this unique opportunity to own a piece of downtown Ottumwa with endless potential! Call to Schedule your showing today

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Commercial Active

Price

$ 335,000

Property Type

Commercial

Taxes

$ 3,830

Style

Business

Lot Size

0.08

Year Built

1880

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6337395

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 0
Architectural Style Business
Construction Materials Brick
Year Built 1880
Tax Year 2024
Current Use Business
Accessibility None
County Wapello
Property Type Commercial Sale
Contingency None
Possible Use Grocery Income Lounge/Bar Office Professional/Office Rest/Lounge Restaurant Retail Services Wholesale
Status Active
Directions North Jefferson St to E Main St
Open Parking Spaces 10
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 3484.8
Tax Annual Amount 3830
Living Area Units Square Feet
Standard Status Active
Legal Description OTTUMWA ORIGINAL-MID OTTUMWA ORIGINAL-MID 22'LOT 341 BLK 30 22' LOT 341 BLK 30 AKA-NW 22'OF SE 44' AKA-NW 22'OF SE 44' LOT 341 BLK 30 (328 LOT 341 BLK 30 (328 E MAIN) E MAIN) (328 E MAIN SUITE 101 -
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Exterior
Parking Features Outside
Water Source Public
Lot Dimensions 22X149
Lot Size Acres 0.08
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* Excluded Features
List By
Trisha Rea

Listing Agent

Bridge City Realty

Broker

trisha@bridgecityrealty.com

Email

Affordability Calculator

$2,382
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,063
Monthly Property Taxes
$319
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
4/20/2026$335,000 Listed Price

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328 E Main Street, Ottumwa, IA, 52501 is a Commercial Property for sale at $335,000 with a lot size of 0.08. 328 E Main Street was built in 1880. The property's zip code is 52501 which is in Ottumwa, IA