123 3Rd StOttumwa, IA 52501

For Sale
$1,450,000

Former bank, 26,207 SF, $1.45M

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional commercial property presents a unique investment opportunity in Ottumwa, Iowa. Located at 123 3rd St E, this former bank building boasts a substantial 26,207 square feet of space, situated on a 0.6-acre lot. The building, constructed in 1956, has undergone renovations to achieve a Class A standard, ensuring a high-quality interior. The property is well-maintained and features a convenient surface parking lot, a significant advantage for potential tenants. The building is zoned for commercial use, offering flexibility for a variety of businesses. With a list price of $1,450,000, the price per square foot comes to $55.33. This prime location in Wapello County, Iowa, zip code 52501, offers excellent visibility and accessibility. The property's size and condition make it ideal for a wide range of commercial ventures, presenting a strong return on investment potential. The building's history as a bank provides a solid foundation for future success, and its updated interior ensures a modern and functional space for any business. This is a rare opportunity to acquire a substantial, well-maintained commercial property in a desirable location.

Highlights

  • $1,450,000 asking price for this 26,207 square foot retail property.
  • Located at 123 3rd St E, Ottumwa, IA 52501, on a 0.6-acre lot.
  • Former bank building, built in 1956 (with renovations), offering Class A space.
  • Features a surface parking lot and is zoned Commercial.
  • The property boasts 26,207 square feet at a price per square foot of $55.33.

Property Details for 123 3Rd St

Property type
Other retail properties, Individual retail properties
Square Feet
26,207 SF
Year Built
1956
Buildings
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Ottumwa
County
Wapello
State
Iowa
Latitude
41.01835631473
Longitude
-92.410351280915
123 3Rd St, Ottumwa, Iowa

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123 3Rd St
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