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1 W Charles Street

Oelwein, IA 50662
  • $989,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 20255015
UPDATED: 34 min ago
$989,000
  • 0
    BEDS
  • 0.63
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1984
County:

School Ratings & Info

Description

Prime Investment Opportunity 22,000 SF Commercial Property with Strong Anchor Tenants & Sustainable Upgrades! Discover a premier investment property offering stability, performance, and modern efficiency. This 22,000 square foot commercial building is anchored by a strong, long-term tenants and is nearly fully leased, ensuring consistent income and minimal vacancy exposure. Recent capital improvements demonstrate ownership pride and a commitment to long-term operational excellence. Upgrades include a new high-efficiency boiler system, state-of-the-art HVAC control units, and a large solar array designed to significantly reduce energy costs. With a desirable location, excellent tenant mix, and turnkey sustainability infrastructure, this property represents a secure, future-focused investment in a thriving commercial corridor. Highlights: 22,000 SF of well-maintained commercial space Strong anchor tenant with long-term lease Nearly 100% occupancy New high-efficiency boiler and HVAC control systems Large rooftop solar array reducing operating expenses Proven income stability with growth potential Current tenants include: Regional Credit Union Real Estate office Nail salon Law office Regional Non-profit Agency Financial Services business General leased space Potential Restaurant or eatery A rare opportunity to own a low-maintenance, income-producing property that combines modern efficiency with a solid tenant base.

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Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2025-11-12T21:41:47.383 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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1 W Charles Street Oelwein, IA 50662

  • Price: $989,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 34 min ago
  • MLS #: 20255015
0
Beds
0
Baths
0
½ Baths
0.63
Acres
1984
Built
County:
Fayette
Property Description
Prime Investment Opportunity 22,000 SF Commercial Property with Strong Anchor Tenants & Sustainable Upgrades! Discover a premier investment property offering stability, performance, and modern efficiency. This 22,000 square foot commercial building is anchored by a strong, long-term tenants and is nearly fully leased, ensuring consistent income and minimal vacancy exposure. Recent capital improvements demonstrate ownership pride and a commitment to long-term operational excellence. Upgrades include a new high-efficiency boiler system, state-of-the-art HVAC control units, and a large solar array designed to significantly reduce energy costs. With a desirable location, excellent tenant mix, and turnkey sustainability infrastructure, this property represents a secure, future-focused investment in a thriving commercial corridor. Highlights: 22,000 SF of well-maintained commercial space Strong anchor tenant with long-term lease Nearly 100% occupancy New high-efficiency boiler and HVAC control systems Large rooftop solar array reducing operating expenses Proven income stability with growth potential Current tenants include: Regional Credit Union Real Estate office Nail salon Law office Regional Non-profit Agency Financial Services business General leased space Potential Restaurant or eatery A rare opportunity to own a low-maintenance, income-producing property that combines modern efficiency with a solid tenant base.
Exterior Features

Construction Materials Stone Frontage Type Corner Lot Roof Membrane

Interior Features

Building Area Total 22300 Building Features Wireless Internet Cooling Entire Unit Flooring Concrete Heating Radiant Insulation Unknown Total Available Square Footage 22300 Warehouse Square Footage 0

Property Features

Agent Owned YN Yes Available Office Square Footage 22300 Available Retail Square Footage 22300 Building Description Multi-Tenant Building Location Downtown Buyer Financing Cash ConventionSeller Financing Common Area Yes Existing Lease Type None Expense History Actual For Lease YN No For Sale Rent For Sale For Sale YN Yes Gross Income 143800 Investment YN No Lease Per Month 0 Lease Term N/A Multi Tenant YN Yes Net Operating Income 88000 Number Dock Doors 0 Number Drive In Doors 0 Number Rail Doors 0 Operating Expense 55000 Ownership Individual Possession Closing Possible Use OfficeRetail Property Sub Type Office/Retail Sewer Public Sewer Special Listing Conditions Normal Sale Sprinkler YN Yes Tax Annual Amount 26382 Tax Incentive None Tax Year 2025 Tenant Pays None Tiered Sliding No Zoning C



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2025-11-12T21:41:47.383 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Vine Valley Real Estate
808 E. 18th St.
Cedar Falls IA, 50613