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About This Home

This 0-bedroom, 0-bathroom commercial at 328 & 314 E Main Street Unit 314 E Main in Ottumwa, IA is listed for $415,000. Built in 1880, on a 0.08 acres lot.

Agent Description

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. 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!

Key Features

  • Built in 1880
  • 0.08 acre lot

Property Details

1880

Amenities

A/C

Monthly Cost Estimate

$2,220/mo

20% down · 6.5% · 30 years

Principal$300
Interest$1,798
Insurance$121

Estimates only. Actual payments may vary.

Location

328 & 314 E Main Street Unit 314 E Main

Ottumwa, IA 52501

Property Details

Construction

Brick

Heating

Forced Air

Cooling

Central Air

Appliances

RangeRefrigeratorWasherDryer

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 328 & 314 E Main Street Unit 314 E Main is listed at $415,000. The estimated monthly payment is $1,798 based on 20% down at 6.5% interest.

Key features include: Built in 1880, 0.08 acre lot.

This property is listed by Trisha Rea and can be reached at 6416804274 or trisha@bridgecityrealty.com.

TR

Trisha Rea

Agent at Bridge City Realty

(641) 680-4274

Listed by Bridge City Realty

MLS# 6336098· Source: listhub· Updated 36 days ago

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

328 & 314 E Main Street Unit 314 E Main, Ottumwa, IA 52501

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