Fantastic investor opportunity with an established business that's been in this location for 30 years and has recently committed to an additional two year lease. This downtown Oelwein property is over 6,000 square feet on the main level, with additional finished space in the mezzanine and in the basement. This is for the real estate only. The business is not for sale and will remain as a tenant.
MLS ID #:
NBR20250968
Property Address:
17 North Frederick Ave Oelwein, IA 50662
County:
Fayette
Region:
Outside the Metro Area
Location:
Downtown
Year Built:
1949
Property Type:
Commercial Sale
Sub-Type:
Retail
Building Description:
Single Tenant
Date Listed:
March 11th, 2025
Status:
Active
Price:
$150,000.00
Ownership:
LL Corp
Possession:
Subject To Tenant Rights
Gross Taxes:
$3,410.94
Tax Year:
2023
Gross Income:
$2,177.00
Net Op Income:
$1,560.00
Operating Expense:
$618.00
Tenant Responsible:
Trash Collection, Gas, Electricity, Water/Sewer
Sale/Rent:
For Sale
For Lease:
No
Terms/Lease:
Years - 2
Lease Type:
Gross
Sale/Lease Type:
Investment Sale
Lease $/Month:
$2,177.00
For Sale:
Yes
Zoning:
C-1
Legal Desc:
COM 187 1/2'N OF SW COR LOT 8 BLK 1 PAIGN'S 1ST ADD TH E 140'N 47 1/2'W 140'S 47 1/2' TO BEG BEING PART OF LOT 20 BLK 1 PAIGN'S 1ST ADD
Listing provided courtesy of Century 21 Signature Real Estate - Oelwein. Listing Agent: Erica Bushaw
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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