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Four-Story Mixed-Use Property
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102 South Frederick Avenue, Oelwein, IA 50662

Historic income-producing building with apartments and ground-floor commercial space.

Property Size34,808 SF
Days on Market140

Property Features for 102 South Frederick Avenue

General Information

Standard status Active
Size 34,808 SF
Property subtype Hospitality, Land

Additional Details

Multifamily Units 34

Building Details

Buildings 1
Stories 4
Tenancy Multi
Listing Agency: CENTURY 21 Signature Real Estate
Listed By: Jennifer Drewelow · License #IA
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 3:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Signature Real Estate

Investment Insights

Based on property information with market context.

This historic four-story mixed-use building combines 34 apartments with four commercial spaces on the main floor. The property contains 34,808 square feet and offers both residential and commercial components within one asset. Updates have been completed during the past two years.

Located at 102 South Frederick Avenue in Oelwein, Iowa, the property is identified by the 50662 ZIP code. Its apartment and storefront configuration creates a blended-use profile for investors seeking residential and commercial space in the same building.

Key Highlights

  • 34,808‑square‑foot historic mixed‑use building
  • 34 apartments within a four‑story building
  • Four commercial spaces on the main floor

Property Analytics

Current Use

Mealy Apartments Retirement Community Eighteen98 Apartments Apartment Building Oelwein Area United ... Association / Organization Fayette County Veterans ... Veterans Affairs Department Martin Gardner Architecture, ... Architect

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Building Supply Parking Lot & Garage Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

438
Businesses Nearby

Demographics for 50662, IA

6,693
Population
3,260
Households
2.1
Avg Household Size
44
Median Age
16%
College-Educated
92%
High-School Grad
70.4 sq mi
ZIP Area
95
Density / Sq Mi
$49,145
Median Household Income
$37,378
Median Earnings
$760
Median Rent
$108,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic income-producing building with apartments and ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 102 South Frederick Avenue Oelwein, IA.
What are key features of this property?
This property features: 34,808‑square‑foot historic mixed‑use building; 34 apartments within a four‑story building; Four commercial spaces on the main floor
(319) 283-2211 Call to check price and availability
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