Commercial Property Alert!! This property offers a combination of steady rental income from the retail space on the main level (currently rented) This is a prime commercial space offering high visibility and foot traffic. This property also adds the opportunity to generate additional revenue from the 2BR/1BA residential apartment upstairs. This apartment is very spacious, well maintained and recently updated, featuring: Large living area, spacious kitchen and laundry area. Whether you're an investor looking for a multi-use property or a buyer seeking an income-generating asset, this property is a must-see! Call today !
The North Frederick Mini Mall features over 7,000 square feet of office and retail space, along with additional storage space on the main level and basement. This income-generating property has great visibility on Highway 150 on the edge of city limits, with potential to add an additional tenant. With more than enough parking for multiple tenants, this is a fantastic investment to add to your portfolio, or to get it started!
**Exciting Business Opportunity Awaits!** Step into a world of potential with this remarkable property, perfectly designed for your business needs. Upon entering, you're greeted by a welcoming reception area that leads to 10 spacious offices, ideal for fostering productivity and collaboration. The kitchen area ensures that your team stays energized throughout the day, while two convenient restrooms add to the functionality of the space. Venture upstairs to discover a large, versatile room that can serve as a dynamic meeting space or a private office, along with three additional offices and another restroom for added convenience. Additionally, the three upstairs apartments present an excellent opportunity for extra income after some updates. The expansive full basement offers abundant shelving, providing ample storage solutions for your business operations. This property has been meticulously maintained and features significant updates, including a new furnace, AC, roof, and brickwork completed in 2022, along with a newer water heater and upgraded flooring throughout. Don't miss out on this incredible opportunity—call today to schedule your visit and explore the possibilities this fantastic space has to offer!
Retail space with storage available.
Business opportunity located in the heart of downtown Oelwein, offering an ideal foundation for your entrepreneurial dream. This 5,300 SF, two story property is situated in a downtown area and includes three apartments upstairs, providing additional rental income and a neighboring retail office space to enhance business synergy. The convenient extra storage space located at the rear of the property is perfect for managing inventory and supplies. This versatile property presents a great opportunity coupled with the benefits of supplementary income. Don't miss out on this rare chance! Call today to schedule a viewing and explore the possibilities this property has to offer.
Possibilities Plus...This Landmark Building is waiting to be finished. It's exterior and interior has already gone through a lot of preservation and updates. The first-floor sports an excellent, large spacious area which is currently setup has a restaurant. The ceilings, serving bar and more allows the guests to step back in time. It is just waiting for the right person to make it shine. The upper 2nd and 3rd floors house one room sleeping accommodations and this area is ready for you to turn them into one-bedroom apartments...less rooms but a steady monthly rent income. The city of Oelwein has been granting dollars to revitalize buildings like this one; one with a history! In the past, the grants to a single applicant per year top off at $50,000. Be part of history and invest in your future.
Make this blank canvas yours! Formerly a cross fit gym, this could be used as a gym, as a warehouse space for storage, built out for offices, a shopping boutique.... the opportunities are endless! With access to common areas, you can be sure that your business can thrive in this location with great foot traffic, PLUS all utilities are included in the lease price except ph, internet, cable! Current businesses include: a bank, real estate brokerage, nail solon, community outreach, attorney office, and a potential restaurant! Call your agent today! Listing agent has ownership interest in property
Your business awaits...The opportunities are endless here- with an established location with great foot traffic, you will be sure to generate visibility for a thriving and booming business. This is currently setup as a restaurant/ bar, but could be converted into almost anything. With over 3,000 square foot and an optional adjoining party room with over 3,500 square foot also available for lease, you are sure to make this space whatever you desire. There is also a private office available for lease right next to the restaurant. Contact your agent today! Listing agent has ownership in the property.
Great multi-purpose building. A great investment and/or start up business. Lots of potential to remodel upstairs apartment. (existing apt. looks to be 1 large studio or could convert to 2 smaller) Has tons of storage in back or remodel for additional retail or office use. Inside front has already been remodeled. Needs some TLC but the vison is incredible. High visibility and traffic. Parking in front and in back streets. Come take a look, call today for your personal showing. *Pictures to come*
The median home value in Oelwein, IA is $115,000. This is lower than the county median home value of $118,200. The national median home value is $338,100. The average price of homes sold in Oelwein, IA is $115,000. Approximately 57.93% of Oelwein homes are owned, compared to 27.66% rented, while 14.41% are vacant. Oelwein 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 Oelwein real estate agent to arrange a tour today!
Oelwein, Iowa has a population of 5,961. Oelwein is more family-centric than the surrounding county with 27.25% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Oelwein, Iowa is $38,325. The median household income for the surrounding county is $50,973 compared to the national median of $69,021. The median age of people living in Oelwein is 43.2 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 6.6 degrees. The average rainfall is approximately 36.8 inches per year, with 34.6 inches of snow per year.