328 E Main Street Ottumwa, IA $ 415,000
328 E Main Street
$ 415,000
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328 E Main Street

Ottumwa, IA, 52501
$ 415,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,555

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Commercial Property for sale in Ottumwa, IA

for $415,000. This building was built in 1880 on a lot size of 0.08.

2 Building Bundle! 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 two-bedroom, one-bathroom apartment, with potential monthly rental income of $2,500. There's also an opportunity to add a rear deck for even more appeal! This building is being sold as a package with the adjacent vacant three-story brick building at 314 E Main, offering endless possibilities. Imagine a two-level penthouse apartment with an open concept for the ultimate downtown living experience! The first floor can be transformed into a retail shop, such as a pet store, a gift shop, children's bookstore, or even a small office space. 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

$ 415,000

Property Type

Commercial

Taxes

$ 4,838

Style

Mixed Use

Lot Size

0.08

Year Built

1880

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6336098

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Separate Hot Water Common
Roof Rubber
Appliances Range Refrigerator Washer Dryer
Garage Spaces 0
Architectural Style Mixed Use
Construction Materials Brick
Year Built 1880
Tax Year 2024
Current Use Commercial Food Service Residential Retail
Accessibility None
County Wapello
Property Type Commercial Sale
Contingency None
Possible Use Diversified Grocery Income Lounge/Bar Office Professional/Office Rest/Lounge Restaurant Retail Warehouse Wholesale
Status Active
Directions N Jefferson St to E Main or S Green St to E Main
Association Name SEIA
Open Parking Spaces 10
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 3484.8
Tax Annual Amount 4838
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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Interior
Basement Full
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Exterior
Parking Features Outside Paved
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

$2,958
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,555
Monthly Property Taxes
$403
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
3/5/2026$415,000 Listed Price

Map


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328 E Main Street, Ottumwa, IA, 52501 is a Commercial Property for sale at $415,000 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