Marc Simpson
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Prime 25.68-acre investment and commercial development opportunity along U.S. Highway 34 on the edge of Ottumwa in Wapello County, Iowa! Located in an established commercial corridor near major retailers including Kohl's and Hobby Lobby, this property offers excellent highway visibility, high traffic exposure, and frontage along four roadways: Highway 34, Wildwood Drive, Overman Avenue, and Sherwood Drive. With multiple potential access points and three separate parcels, the property provides flexibility for phased development or a larger coordinated project. Currently zoned agricultural, the acreage offers potential for commercial rezoning, subject to applicable approvals. Possible development opportunities include retail centers, professional offices, hospitality, service businesses, and other commercial uses. Existing improvements include a 3-bedroom, 2-bath home, detached 2-car garage, large Morton building, and a spacious 60' x 106' storage building. Whether you're seeking a strategic business location, commercial development site, or long-term land investment, this property offers substantial acreage, multiple road frontages, and proximity to established businesses in Ottumwa's Highway 34 corridor. Contact your agent to explore the possibilities!
Property Highlights
Property Type: Land - Residential
Total Acres: 25.68 Acres
General Information
County: Wapello
Listed By:
Land Guys, LLC of Iowa
217-341-8526
No Coast MLS
MLS ID: 6343881
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1021 Overman Avenue, Ottumwa, IA 52501.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $549,999 | $549,999 | $549,999 |
| Down Payment | $110,000 | $19,250 | $137,500 |
| Monthly Mortgage Amount | $2,890 | $3,548 | $3,565 |
| Taxes | $765 | $765 | $765 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $242 | $0 |
| Monthly Estimated Total | $3,815 | $4,715 | $4,490 |
Marc Simpson
REALTOR®
Cell: (319) 331-7930
Licensed in IA
Iowa City Office
1075 Highway 1 West
Iowa City, IA 52246
(319) 351-7845
Iowa City, IA 52246
(319) 351-7845
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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