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    3 Charles St Oelwein, IA 50662

    Sponsored
    For Sale
    $92,000

    High-Visibility Retail & Apartment

    Property size:
    1,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Oelwein, IA commercial property presents a unique investment opportunity, combining a thriving retail space with a lucrative residential component. Located at 3 E Charles, the 1,150 square foot retail area is currently leased, providing immediate and consistent rental income. The high visibility and significant foot traffic ensure continued tenant demand. Adding to the property's appeal is a spacious, recently updated 2-bedroom, 1-bathroom residential apartment situated above the retail space. This apartment boasts a large living area, a well-appointed kitchen, and convenient in-unit laundry facilities. The apartment's excellent condition and desirable features contribute to strong rental potential, further enhancing the property's overall return on investment. Situated on a substantial 1.38-acre lot, this multi-use property offers significant upside potential for savvy investors seeking a diversified income stream. The combination of a stable retail tenant and a well-maintained residential unit makes this a truly compelling investment opportunity in a desirable location. The property's size and location offer potential for future expansion or redevelopment, adding further value to this already attractive asset. This is a rare chance to acquire a turnkey commercial property with immediate income generation and significant long-term growth potential.

    Property Features for 3 Charles St

    General Information

    Property type
    Retail properties
    Square Feet
    1,150 SF
    Lot Size
    60,112,800 SF

    Building Details

    Year Built
    1893
    Property Profile Location Intelligence

    Current Use by Public Records

    T9Team Sporting Goods Sporting Goods Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oelwein
    County
    Fayette
    State
    Iowa
    Longitude
    -91.9131
    Latitude
    42.67864

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Retail & Apartment
    Where is this retail property located?
    The property is located at 3 Charles St Oelwein, IA.
    What is the asking price?
    The asking price for this property is $92,000.
    (319) 283-2211
    Request Owner's contact information
    3 Charles St Oelwein, IA 50662
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    Oelwein, IA 50662
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Charles St Oelwein, IA 50662
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