Ottumwa, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Ottumwa, Iowa Market population: 25K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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11 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Ottumwa IA Properties: 1.3800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Ottumwa IA
Common questions from investors exploring commercial real estate in Ottumwa IA.
What is the overall investment potential of Ottumwa, IA, considering its demographic and economic factors?
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The combination of a relatively high poverty rate of 18.9% and a strong health insurance coverage rate of 91.6% suggests a stable workforce, which is beneficial for rental investments. Additionally, the top industries in Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, & Real Estate & Rental & Leasing indicate a diverse economy, while the median household income of $37,901 and average commute time of 14.2 minutes point to an affordable and convenient location for residents.
How does the ethnic diversity and foreign-born population impact the demand for housing in Ottumwa, IA?
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The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a culturally rich community, which can attract a variety of residents and support a stable housing market. Furthermore, the foreign-born rate of 4.1% and the presence of top industries like Public Administration suggest a potential for newcomer housing demand, which investors can capitalize on.
What are the key factors influencing the quality of life in Ottumwa, IA, and how do they impact real estate investments?
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The average commute time of 14.2 minutes, combined with the high health insurance coverage rate of 91.6%, indicates a high quality of life in Ottumwa, IA. This, in turn, can lead to increased demand for housing, as residents are attracted to the area's convenience and stability, making it an appealing location for real estate investments, particularly in the rental market.
How do the poverty rate and income inequality impact the tenant quality and potential for rental investments in Ottumwa, IA?
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The poverty rate of 18.9% and a gini coefficient of 0.453 suggest some income inequality, which may impact tenant quality. However, the strong health insurance coverage rate of 91.6% and the employed population of 11,113 indicate a stable workforce, which can support reliable rental income and mitigate potential risks associated with lower-income tenants.
What role do the top industries and median property value play in determining the potential for real estate investments in Ottumwa, IA?
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The top industries in Ottumwa, IA, including Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, & Real Estate & Rental & Leasing, contribute to a diverse economy, which can support a stable housing market. Additionally, the median property value of $73,000, combined with the median property taxes of $6,966, suggests relatively affordable investment opportunities, making Ottumwa, IA an attractive location for real estate investors seeking balanced risk and potential returns.
Ottumwa IA Real Estate & City Facts
Key facts and real estate information about Ottumwa IA.
What are some of the best neighborhoods to live in Ottumwa?
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Some of the best neighborhoods to live in Ottumwa include E Mary St, Rutledge, Indian Hills Community College, City Center, Ottumwa South, Ottumwa East, Foster Park, and Ottumwa Southeast. These neighborhoods offer a range of housing options and are known for their cleanliness, safety, and family-friendly atmosphere.
What are some fun things to do in Ottumwa?
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There are plenty of fun things to do in Ottumwa, including visiting the American Gothic House & Center, browsing local shops, and enjoying outdoor activities at Rock Bluff Park or Pioneer Ridge Nature Area. You can also check out the Airpower Museum, Meet Ottumwa, or The Beach Ottumwa for some entertainment.
What is the food scene like in Ottumwa?
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The food scene in Ottumwa is diverse and offers a range of options, including Italian cuisine at Amore Italian Restaurant, barbecue at Bubba-Q's, and steaks at Wissota Chophouse. There are also plenty of great food trucks and local eateries to try, such as Canteen Lunch In The Alley and Tom-Tom Tap.
What are the pros and cons of living in Ottumwa?
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The pros of living in Ottumwa include its small-town charm, low cost of living, and friendly community. However, some cons include limited job opportunities and a relatively low median household income. Additionally, the city's economy is heavily reliant on agriculture and manufacturing, which can be affected by external factors.
Is Ottumwa a good place to live?
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Ottumwa can be a good place to live for those who value a close-knit community and a low cost of living. While it may not offer the same level of job opportunities or cultural amenities as larger cities, it has a unique charm and a range of outdoor activities to enjoy. Ultimately, whether Ottumwa is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Ottumwa IA Commercial Property: $37,901
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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