# 328 E Main Street, Ottumwa, IA 52501

> **TL;DR:** commercial, $335,000, built 1880. Est. $1,452/mo. Listed 43 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $335,000 |
| Year Built | 1880 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 43 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,452 |
| **Total** | **$1,452** |

## Property Highlights

- Built in 1880
- 0.08 acre lot

## Description

### Agent Description
A rare opportunity to acquire a fully operational, income-generating mixed-use property in the heart of downtown Ottumwa. This handsome, historic, two-story brick building, offers immediate revenue from both floors and the kind of downtown presence that takes a long time to establish. The first floor is configured as a working retail and bar/eatery space, currently home to two established local businesses with a loyal customer base and a recognized brand. The space is flexible, rent-ready, and suited to a wide range of commercial uses - retail, food and beverage, professional services, or creative enterprise. New ownership can continue existing operations, welcome a new commercial tenant, or reimagine the space entirely. The second floor is a comfortable two-bedroom, one-bathroom, walk-up apartment currently generating income as a licensed short-term rental with verified SuperHost status on Airbnb - a designation that reflects documented guest demand and operational excellence, and transfers significant value to a new owner. The apartment converts readily to a long-term residential lease, with realistic monthly rental income for a qualified tenant. Additional upside includes the potential to add a rear deck overlooking the Des Moines River, enhancing the property's appeal for both commercial and residential occupants. Combined annual gross income potential from both floors nears $40,000 in passive rent alone. This is a property that works from day one.

## Location

- **Address:** 328 E Main Street, Ottumwa, IA 52501
- **County:** Wapello
- **Coordinates:** 41.015443, -92.409719
- **Google Maps:** https://www.google.com/maps?q=41.015443,-92.409719

## Listing Agent

- **Name:** Trisha Rea
- **Brokerage:** Bridge City Realty
- **Phone:** 6416804274
- **Email:** trisha@bridgecityrealty.com

## Primary Photo

![328 E Main Street - Primary Photo](http://lh.rdcpix.com/ac5b69dfd6619e54d046776703993c0al-f4149673174r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.com/listing/328-e-main-street-ottumwa-ia-52501-6337395)*

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**MLS#:** 6337395 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/328-e-main-street-ottumwa-ia-52501-6337395)

---

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