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$199,000 USD
1 S Frederick Avenue
Oelwein, Iowa 50662
USA
Oelwein, Iowa 50662
USA
883.479 m2 ::
9,510 sqft
Commercial for Sale, Retail
Sale price per sqm: 225.24
Tax: 3,152 USD
Remarks:
Exceptional investment opportunity featuring a large mixed-use commercial building with seven income-producing spaces, including five upper-level apartments and two retail storefronts. The residential units consist of three 1-bedroom apartments and two 2-bedroom apartments, offering a diverse rental mix with strong income potential. The main level features a spacious, open retail area that is currently vacant and ready for an owner-occupant or new tenant, along with a separate smaller retail space that is already leased, providing immediate income. Numerous capital improvements have been completed over the past 15 years, including updated windows, roof, water heater, sidewalks, and sewer and water lines. In 2026, a complete exterior wall replacement was also completed, further enhancing the property's long-term value and reducing future maintenance concerns. The roof carries a transferable warranty for added peace of mind. Whether you're looking to expand your investment portfolio, occupy the commercial space while generating rental income, or acquire a well-maintained mixed-use property with upside potential, this versatile property offers a unique opportunity with multiple revenue streams and significant recent improvements.
Features:
- Year Built: 1890
Location:
1 S Frederick Avenue, Oelwein, Iowa 50662, USA
Listed By CENTURY 21 Signature Real Estate
The Commercial for Sale, Retail located at 1 S Frederick Avenue, Oelwein, Iowa 50662, USA is currently for sale. 1 S Frederick Avenue, Oelwein, Iowa 50662, USA is listed for $199,000 USD. This property has 9,510 sqft. If the property located at 1 S Frederick Avenue, Oelwein, Iowa 50662, USA isn't what you're looking for, search Iowa Real Estate to see other Commercial For Sale in Oelwein.
