Property Description

This is your opportunity to own a very reasonably priced building that will allow you to locate your business in the heart of Ottumw’s redeveloping commercial district. 314 E. Main Street features three levels plus a full basement; and while the building needs a complete renovation, extensive work recently completed on the roof and exterior upper structure of the building. The street level floor has a rear entry from both, the public parking lot and the private parking for a couple of cars. This floor was formerly a popular gathering spot offering light food, drinks and dancing. The upper 2 floors contained rental apartments; and if renovated, the rental income could be significant. The structure is sound and it’s potential is limited by only your imagination. Currently there is the possibility of grant money being available. The program (Main Street Iowa Challenge Grant) is a 1:1match, with funding ranging from $25k to $100k. You can contact Ms. Sarah Lembke, Design Coordinaor at (515) 348-6181 for more information. Contact a Realtor and schedule a visit to tour this property. It is a truly a great opportunity to join the Downtown Renaissance, right here and now.

Features
: No
: No
: City Sewer/Connected
Construction
Retail
Other
None
Off Site
$958
None
$0
$0
Listing Office Info
6326811
28623
RE/MAX Pride-Ottumwa
tony@remaxpride.com
951000
Location
314
Street
Main
US
IA
Wapello
Ottumwa
52501
W93° 35' 23.4''
N41° 0' 56.6''
007411240290000
E
300 Block of East Main Street

Commercial Sale For Sale

314 Main Street, Ottumwa, Iowa 52501

Visits : 52 in 298 days
$120,000
Listing ID #6326811
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $120,000
Status : Active
Days On Market : 94
Year Built : 1880
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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