Unleash your imagination…welcome to a piece of local history reborn with endless possibilities! Nestled on 2.86 acres just off Hwy 163, this property showcases the original Otley Schoolhouse, a gem brimming with potential. Currently zoned R2, it's a canvas awaiting your visionary strokes. The original 2 story schoolhouse w/ basement was built in 1920 with 2160 sqft followed by an addition in 1955 including an additional 2813 sqft. Imagine the transformation: from a single family or multi-family dwelling to a daycare center to community hub, from wedding venue to entrepreneurial oasis – the choice is yours! With nearly 5000 square feet of space, the potential is boundless. The property features several classrooms/bedrooms/living space, a ¾ bath, couple other bathroom areas w/ stalls. The lunch room tables that fold up against the wall are still in place in the basement which was a combined lunch room and gym. Seize the opportunity to make your mark in Otley's up and coming landscape just a stone’s throw from the beautiful community of Pella. Don't miss out on this chance to turn dreams into reality – schedule your tour today and unlock the limitless potential of 215 Summit St!
The median home value in Otley, IA is $215,000. This is higher than the county median home value of $139,600. The national median home value is $219,700. The average price of homes sold in Otley, IA is $215,000. Approximately 67.48% of Otley homes are owned, compared to 28.57% rented, while 3.95% are vacant. Otley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Otley real estate agent to arrange a tour today!
Otley, Iowa has a population of 1,084. Otley is more family-centric than the surrounding county with 45.52% of the households containing married families with children. The county average for households married with children is 34.85%.
The median household income in Otley, Iowa is $85,449. The median household income for the surrounding county is $57,917 compared to the national median of $57,652. The median age of people living in Otley is 33.5 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 36.7 inches per year, with 28.2 inches of snow per year.