314 E Main Street, Ottumwa IA, 52501

Property Description

This is your opportunity to own a very reasonably priced building that will allow you to locate your business in the heart of Ottumw's redeveloping commercial district. 314 E. Main Street features three levels plus a full basement; and while the building needs a complete renovation, extensive work recently completed on the roof and exterior upper structure of the building. The street level floor has a rear entry from both, the public parking lot and the private parking for a couple of cars. This floor was formerly a popular gathering spot offering light food, drinks and dancing. The upper 2 floors contained rental appartments; and if renvated, the rental income could be significant. The structure is sound and it's potential is limited by only your imagination. Currently there is the possibility of grant money being available. The program (Main Street Iowa Challenge Grant) is a 1:1match, with funding ranging from $25k to $100k. You can contact Ms. Sarah Lembke, Design Coordinaor at (515) 348-6181, or the listing agent for more information. Contact a Realtor and schedule a visit to tour this property. It is a truly a great opportunity to join the Downtown Renaissance, right here and now.