1 W Charles Street, Oelwein, IA 50662

$889,000

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List Price
$889,000
Price Change
▼ $100,000 1777939370
MLS#
20255015
Status
ACTIVE
Type
Commercial
Subtype
Commercial Sale
Year Built
1984
Acres
0.63
County
Fayette
City
Oelwein

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.

Additional Information

Unexempt Taxes
$26,382
Lot Size
27,370
Flooring
Concrete
Roof
Membrane

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Calculator source: Real Geeks

Listing courtesy of EXIT Realty Unlimited Oelwein.