Why Ottumwa, IA?
A regional commerce hub with plentiful opportunities for business growth.
Ottumwa is a dynamic river community of more than 25,000 in Southeast Iowa. With a daytime population of 31,788 and a total retail trade area of 43,165, Ottumwa is the largest community in the region and a hub for commercial and retail business. Ottumwa's community college, major employers including John Deere and JBS, the Bridge View events center, and Ottumwa's parks system sustain vibrant retail districts downtown and throughout the city.
Annual Retail Opportunity Report, Ottumwa Trade Area, Retail Strategies
Ottumwa is a proud partner of Retail Strategies. Working closely with our team at Retail Strategies, the City is a welcome and active partner in working alongside brokers and retailers to capitalize on the many opportunities available in Ottumwa. Work directly with Retail Strategies by calling or emailing our Senior Portfolio Director Kam South.
Community Statistical Profile
Retail Opportunities
Quincy Place
Quincy Place is the heart of retail in Ottumwa. This vibrant district includes the Quincy Place Mall, Quincy Plaza, and several stand-alone retail shops and restaurants. Average daily traffic on Quincy Ave. is over 9,900 vehicles per day. There are several vacancies in this come-back-ready area.
Venture Drive
This retail district largely sprang up around Walmart with Menards and Kohls anchoring an existing strip center, stand-alone locations, and the Wildwood Centre strip complex coming in Fall 2022. Average daily traffic is at least 11,600 vehicles per day.
ALBIA ROad
With major improvements coming to Greater Ottumwa Park, this small commercial corridor is a prime opportunity. Average daily traffic is at least 6,700 vehicles per day but likely much greater.
Downtown Ottumwa
Downtown Ottumwa has been a template for Main Street revitalization. Major investment in streetscape, building facades and upper-story housing has created a thriving neighborhood. Arts, entertainment, dining and retail spaces are going fast but there are still opportunities in this historic riverfront district. At least 5,000 vehicles visit Downtown Ottumwa every day.
Quincy Place
Quincy Plaza: Albanese Cormier owns this strip center anchored by Hobby Lobby. TJ Maxx and Five Below are filling this quickly. Check out the property sheet with available tenant spaces from 578 SF to 28,000 SF.
Quincy Place Mall: Ottumwa's Mall has stayed resilient by focusing on market trends, retaining legacy retailers, and negotiating to backfill vacancies. 2022 saw the grand opening of Harbor Freight and exciting momentum toward filling other vacancies. View the property sheet for the old Herberger's location at 1110 N Quincy Avenue from Lexington Realty International.
1020 Quincy Ave: This former big box store currently houses the Ottumwa Veterans Affairs Clinic which provides care for 6,000 veterans every year. Also included is Ollie’s though a minimum of 37,500 square feet remain for potential development. View the property sheet from Highlands Real Estate.
Venture Drive
Wildwood Plaza: This 10,000 SF new build strip center is in the Kohl's outlot. There is still 3,000 SF end caps available in this space. Check out the Hopkin's Properties property sheet for more information.
1945 Venture Drive: This new build two-tenant strip building recently completed construction and saw the grand opening of T-Mobile. The remaining 2,290 SF space includes a drive-through in this space anchored by Walmart and Menards. Take a look at the property sheet from Hard Corner, LLC.
1899 Venture Drive: A 2,800 SF endcap is available in this 10-tenant strip center directly across from Walmart and Menards. Also included in the strip are Verizon, Gamestop, Great Clips, and more. View the property sheet from Schostak Brothers & Company.
Albia Road
819 Albia Road: The City of Ottumwa is set to invest significant resources into making Greater Ottumwa Park, a destination for recreation and sports tourism with top-of-the-line baseball, soccer, and tennis complexes planned for the 300-acre space. This 5,550 SF space directly adjacent to the park is poised for huge opportunities. Check out the property sheet from Legacy Commercial Property for this space which is suitable for dining, retail, medical, and more.
Downtown Ottumwa
As part of the Main Street America Ready 2 Recruit Program, Ottumwa recently completed a Market Snapshot. This report has key demographic, market, and lifestyle profile data on the trade area surrounding Downtown Ottumwa. That effort also included a survey of over 500 Ottumwans who identified the retail and entertainment options they wanted to see Downtown.
226 West Main: Hutchison Building. Historically significant building in the heart of the Historic Railroad District. Building is adjacent to Ballingal Park and the Train Depot. Open floor atrium concept creates an inviting atmosphere for multiple types of businesses. This commercial property of 40,000 SF is available for lease at $1/Sq ft. View the listing.
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Bookin Building. Wide open space with storage room in the rear with 1 bathroom. Tons of street traffic and downtown foot traffic. Possibilities are endless. No restaurant's please. This retail space of 4,000 SF is available for least at $7/Sq ft. View the listing.
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301 West Second Street: Northbridge Complex. Multi-office building with current leases. Pediatrics, Podiatry, Physical Therapy, Hair Salon, Counseling. 3 story elevator, handicapped accessible, public bathrooms. This 2nd floor commercial space of 800 SF is available to lease for $1,000/month. View the listing.