Property Attributes
- MLS#20255638
- TypeCommercial
- Listing Status ACTIVE
- CountyFAYETTE
- CityOelwein
- AreaFayette
- Zip50662
- Style2 Story,Basement
- Year Built1900
- Taxes$ 2498
- Price$ 95,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3705
- Lot Size0.11 Acres
Data Source:
Listings courtesy of Northeast Iowa Regional Board of REALTORS® as distributed by MLS GRID
Property Description
Explore the possibilities with this versatile 2-story commercial building located in the heart of downtown Oelwein. The main level welcomes you with a reception area that flows into several spacious offices, offering plenty of room for individual workspaces or collaborative setups. This floor also includes two restrooms and a convenient kitchen/break area for staff or client use. The upper level provides additional usable space with a large open room, additional offices, and another restroom—ideal for a conference area, training room, or expanded office operations. Also located upstairs are three apartment units. While these units are not currently up to code, they present a great opportunity for future rental income with renovation. A full basement offers ample room for storage or equipment. Two HVAC units were replaced in 2022 along with some exterior masonry repairs and a complete roof recoating that same year. Three rooms upstairs each have their own controlled heating/cooling units that are controlled by remotes. Whether you're expanding your business or seeking an investment property with potential, this building provides a solid foundation and an excellent location to build upon.
| Price History | |
|---|---|
| 11/18/2025 | Listed $99,500 |
| 5/18/2026 | 5$95,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas,Individual Unit |
| Cooling | Central Air,Multi Units |
| Utilities | Electricity Available,Natural Gas Available,Water Available,Sewer Available |
| Roof | Membrane,Flat |
| Zoning | C1 |
| Construction Materials | Brick,Block |
| Year Built | 1900 |
| Property Subtype | Office |
| Tax Year | 2024 |
| County | Fayette |
| Property Type | Commercial Sale |
| Possible Use | Office,Retail |
| Garage Y/N | No |
| Status | ACTIVE |
| Buyer Financing | Cash Convention |
| Directions | From Hwy 150 turn West on E. Charles St.,property on south side of street |
| City | Oelwein |
| Lot Size Square Feet | 4522 |
| Tax Annual Amount | 2498.35 |
| Ok to Lease | Month To Month |
| Lease Type | None |
| Tax Assessed Value | 140360 |
Exterior Features
| Building Area Total | 3705 |
|---|---|
| Lot Size Acres | 0.11 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool