305 E Main St, Ottumwa, IA 52501

Downtown Ottumwa Gem | 301 & 305 E Main Street A Turnkey Mixed-Use Investment Opportunity Welcome to the heart of Ottumwa’s vibrant downtown — where history meets innovation in this one-of-a-kind mixed-use property at 301 & 305 E Main Street. This offering includes two parcels designed for dynamic living, business, and entertainment, making it an ideal opportunity for investors, entrepreneurs, and creatives ready to leave their mark. 305 E Main Street: Income-Generating Apartment + Fully Equipped Taproom Upstairs Apartment: Renovated in 2019, this spacious 3-bedroom, 1-bath unit features modern finishes and is currently rented at $1,000/month with a solid long-term tenant—providing immediate cash flow. Downstairs Taproom (Renovated 2024): A vibrant, fully furnished space ready for business. Includes: 18-tap self-pour beverage wall (beer, cocktails, coffee, kombucha, and more) Open-concept kitchen with 4 rapid-cook ventless ovens, walk-in cooler/kegroom combo, 2 commercial chest freezers, and 6 under-counter fridge/freezers Entertainment-ready with 3 immersive rifle simulator stations (also function as large screens for sports, gaming, or movies) Some fun features - Integrated sound system, stylish LED signage, and modern restrooms All furniture and fixtures included — ready for immediate operation 301 E Main Street: Outdoor Beer Garden & Event Space A fenced-in, fully equipped beer garden with picnic table seating, a designated stage area, brand-new mural, ambient patio lighting, and sound system—seamlessly connected to the taproom via side door. Ideal for live music, private events, family-friendly gatherings, or expanding the taproom’s footprint. Highlights at a Glance Turnkey hospitality-ready space with all equipment and furnishings included Income-producing residential unit with reliable tenant Entertainment tech valued at $45K included (simulators, self-pour wall) Commercial kitchen & beverage systems in place Indoor-outdoor flow for events and customer engagement Prime location in Ottumwa’s revitalized downtown core