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Two-Story Mixed-Use Office Building
For Sale
$95,000

14 E Charles St, Oelwein, IA 50662

Two-story office building with a reception, multiple offices, restrooms, and upstairs apartment units plus a full basement.

Property Size3,705 SF
Price / SF$25.64
Days on Market49

Property Features for 14 E Charles St

General Information

Standard status Active
Size 3,705 SF

Additional Details

Multifamily Units 3

Building Details

Year Built 1900
Stories 2
Listing Agency: RE/MAX Independence Realty
Listed By: Curt Martin · License #B56021000
Source: Kwlegacyrealty
Added: Jul 17 Changed: Aug 15 Last Checked: Sep 1 at 8:37PM

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 RE/MAX Independence Realty

Investment Insights

Based on property information with market context.

This two-story commercial building includes a main level with a reception area, several spacious offices, two restrooms, and a kitchen/break area. The upper level features a large open room, additional offices, and another restroom, supported by multiple individually controlled heating/cooling units with remote control. Upstairs also includes three apartment units that are not currently up to code, offering a renovation opportunity.

The property has a full basement for storage or equipment. In 2022, two HVAC units were replaced, with exterior masonry repairs and a complete roof recoating completed the same year.

With its combination of office space and additional upstairs units, the building provides a flexible setup for business expansion and future residential renovation.

Key Highlights

  • Two‑story commercial building in downtown Oelwein with a reception area, multiple offices, and two restrooms on the main level
  • Upper level includes a large open room, additional offices, and another restroom for conference, training, or expanded office use
  • Three upstairs apartment units included; not currently up to code but offer renovation potential for future rental income

Property Analytics

Current Use

Office buildings

Suggested Use

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

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

421
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 - Two-story office building with a reception, multiple offices, restrooms, and upstairs apartment units plus a full basement.
Where is this office building located?
The property is located at 14 E Charles St Oelwein, IA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Two‑story commercial building in downtown Oelwein with a reception area, multiple offices, and two restrooms on the main level; Upper level includes a large open room, additional offices, and another restroom for conference, training, or expanded office use; Three upstairs apartment units included; not currently up to code but offer renovation potential for future rental income
More about this property
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