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Remodeled Restaurant in Oelwein, IA
For Sale
$159,900

114 S Frederick, Oelwein, IA 50662

Remodeled restaurant with ample parking and recent improvements.

Property Size1,750 SF
Price / SF$91.37
Days on Market570

Property Features for 114 S Frederick

General Information

Standard status Active
Size 1,750 SF
Property subtype Commercial
Zoning Commercial

Taxes and HOA fees

Annual Taxes $806

Amenities

Concrete
Close to Shopping
City Street,Paved 2Lane
0.06
1750

Building Details

Building Size 1,750 SF
Year Built 1951
Stories 1
Listing Agency: New Age Realty
Listed By: Sara Kruse
Source: Pinnaclerealtyia
Added: Feb 18, 2025 Changed: Sep 10 Last Checked: Sep 10 at 5:19AM

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 New Age Realty

Investment Insights

Based on property information with market context.

This remodeled restaurant in Oelwein, IA, presents a business opportunity. The property has a history of serving homemade food. It features ample parking and accessibility. The restaurant includes office space, dual bathrooms, a spacious kitchen, and a storage room. A large shed, accessible from the rear alley, provides additional storage. Recent improvements and equipment less than 5 years old contribute to the mechanical soundness of the property. The building size is 1750 square feet.

Key Highlights

  • Turn‑key restaurant business ready for immediate operation.
  • Recent improvements and equipment less than 5 years old.
  • Spacious kitchen and ample storage including a large shed.

Property Analytics

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Current Use

Ma & Pa's Diner Restaurant

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.

Location Intelligence

Trade Area within ½ mile

438
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 44% Dining 31% Groceries 16% Home Improvements & Furnishings 5%
McDonald's Dining
14,620 visits/mo 0.1 miles
Kwik Trip Shops & Services
13,279 visits/mo 0.1 miles
Fareway Groceries
13,103 visits/mo 0.2 miles
Oelwein #2 Shops & Services
8,480 visits/mo 0.1 miles
Dollar Tree Shops & Services
7,267 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Remodeled restaurant with ample parking and recent improvements.
Where is this conventional restaurant located?
The property is located at 114 S Frederick Oelwein, IA.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Turn‑key restaurant business ready for immediate operation.; Recent improvements and equipment less than 5 years old.; Spacious kitchen and ample storage including a large shed.
More about this property
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