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Remodeled Office Building with Parking
For Sale
Contact for pricing
Pending

1297 S Frederick, Oelwein, IA 50662

Completely remodeled office building with upper and lower office suites, updated mechanicals, and shared parking visibility from Highway 150.

Property SizeContact for details
Days on Market148

Property Features for 1297 S Frederick

General Information

Standard status Pending
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Office Units 7

Building Details

Stories 2
Tenancy Multi
Listing Agency: Cornerstone Real Estate
Listed By: Travis Bushaw · License #IA B60201
Source: Crexi
Added: Apr 11 Changed: Aug 27 Last Checked: Aug 31 at 11:42AM

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 Cornerstone Real Estate

Investment Insights

Based on property information with market context.

Completely remodeled professional office building with office space on both the upper and lower levels. The upper level includes four offices plus a reception area and conference room with a kitchenette. The lower level features two recently updated bathrooms, three offices, a conference room, and two storage rooms.

The property is described as having visibility from Highway 150 and sharing a parking lot with a future Oelwein Hy Vee Dollar Fresh. Recent improvements include a metal roof, siding, windows, upper level flooring, a new electric furnace for the lower level, sump pump battery backup, and paint.

An expansive lot provides room for potential expansion, including the construction of outbuildings or storage units, a garage, or additional parking. The selling company information is also noted as Graf Recker, LLC, with the list agent a member of that firm.

Key Highlights

  • Completely remodeled office building with upper and lower office suites.
  • Visibility from Highway 150 and shared parking lot with the future Oelwein Hy Vee Dollar Fresh.
  • Upper level offers four offices plus a reception area and conference room with a kitchenette.

Property Analytics

Current Use

Midwest Railcar Corporation Freight Service Financial Visions Accounting Firm

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Hair Salon Big Box & Wholesale Store

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

7
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

115
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Completely remodeled office building with upper and lower office suites, updated mechanicals, and shared parking visibility from Highway 150.
Where is this office building located?
The property is located at 1297 S Frederick Oelwein, IA.
What are key features of this property?
This property features: Completely remodeled office building with upper and lower office suites.; Visibility from Highway 150 and shared parking lot with the future Oelwein Hy Vee Dollar Fresh.; Upper level offers four offices plus a reception area and conference room with a kitchenette.
More about this property
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