328 E Main St - Retail FOR SALE


Ottumwa, IA 52501
$415,000 USD
328 E Main St, Ottumwa, IA for Sale
$415,000 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

Apr '26


328 E Main St
Ottumwa, IA 52501


HIGHLIGHTS

  • 2 Buildings for Sale
  • Income ready retail space and a bar/eatery layout on 1st Floor with a 2 Bedroom 1 Bath apartment on the 2nd floor.
  • 3 Story Building with endless possibilties!

OVERVIEW

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 buildings 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. Design proposal in the disclosures. Don't miss out on this unique opportunity to own a piece of downtown Ottumwa with endless potential! Call to Schedule your showing today! Trisha Rea 641-680-4274 Bridge City Realty 301 W 4th St Ottumwa IA 52501 Licensed in Iowa https://zsvc.paragon.ice.com/s/goto/Gi835IOrWKr

FOR SALE DETAILS

PRICE

$415,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

328 & 314 E Main Ottumwa IA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,205 SF

ZONING

commercial

APN/PARCEL ID

007411240296000

ASK ABOUT THIS PROPERTY

Trisha ReaBridge City RealtyMore Info

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