328 E Main Street

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328 E Main Street

Ottumwa, IA 52501
Asking Price
$335K
Asset Type
Grocery Store Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail grocery store property located in Ottumwa, Iowa.
  • The asking price for this asset is 335,000 dollars.
  • Property address is situated at 328 E Main Street.
  • Functional retail space suitable for various commercial business uses.
  • Located in the regional trade hub of southeastern Iowa.

What's Special

This retail grocery store located at 328 E Main Street in Ottumwa, Iowa, presents a functional asset for investors or owner-occupiers within the local retail sector. Situated in a community that serves as a regional hub in southeastern Iowa, the property benefits from its positioning within the primary trade area of the city. The layout is configured to suit standard grocery operations, making it a practical choice for businesses looking to establish a footprint in the local market. Ottumwa maintains a stable economic environment characterized by its role as a county seat and a center for trade. The building offers potential for continued grocery use or adaptation for other retail concepts that require traditional street-level access and high visibility. With its central location, the asset provides accessibility for residents navigating the downtown and surrounding neighborhoods, supporting consistent foot traffic and localized commerce.

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NOI
$80,000
Cap Rate
23.88%
DSCR
4.02
Strong
Cash-on-Cash
59.81%
Monthly Payment
$1,657.397
Annual Cash Flow
$60,111.233

Location & Travel Times