1 W Charles Street, Oelwein, IA 50662
Fayette County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
1984
Living Area
22,300 sq ft
Lot Size
0.63 acres
Ownership
Individual
Zoning
C
Days on Market
203
MLS® Listing#
20255015
Property Features
Heating
Flooring
Lot Features
Construction
Roof
Sewer
Financial Details
Annual Taxes
$26,382
Tax year 2025
Assessed Value
$646,450
Parcel Number
1821181044
Directions
At the circle, take the 3rd exit onto IA-3, turn right onto N Frederick Ave
Affordability Calculator
$177,800
Estimated monthly payment
$4,732/mo
Principal $711,200 · Est. interest $992,187 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oelwein, IA
- 73
- Median Days on Market
- 1,392
- Median Sq Ft
- $93
- Median Price / Sq Ft
- 27
- Active Listings
- Its price per sq ft is 57% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oelwein, IA.
Location
Points of Interest in Oelwein, IA
Showing the Oelwein area map.
Nearby Schools
Parkside Elementary School
Elementary · 0.6 mi away
Sacred Heart School of Oelwein
School · 0.6 mi away
Wings Park Elementary School
Elementary · 0.6 mi away
Little Husky Learning Center
Secondary · 0.8 mi away
Oelwein Middle School
Secondary · 0.9 mi away
West Central Community School
School · 6.6 mi away
Fairbank Elementary School
Elementary · 7.1 mi away
Wapsie Valley High School
Secondary · 11.4 mi away
Fayette Elementary School
Elementary · 12.6 mi away
Starmont Community School District
Secondary · 13.5 mi away
Independence Christian Academy
School · 13.6 mi away
St John's Elementary School
Elementary · 14.4 mi away
Little Red Schoolhouse
School · 14.5 mi away
Independence Community School District
School · 14.6 mi away
East Elementary School
Elementary · 14.6 mi away
West Elementary School
Elementary · 14.7 mi away
Independence Middle School
Elementary · 14.7 mi away
Dunkerton Elementary
Elementary · 14.7 mi away
Dunkerton Community School
Secondary · 14.7 mi away
Independence Junior Senior High School
Secondary · 14.9 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Oelwein
Listing Courtesy: EXIT Realty Unlimited Oelwein - 3192835700