Building Details

Building Size 1,298 SF

Year Built 1960

Listing Agency: Lepic-Kroeger, REALTORS Show Phone

Listed By: Doug McAllister Show Phone

Source: Pinnaclerealtyia

Added: Oct 4 Last Checked: Oct 5 at 4:29PM

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Investment Insights

Based on property information with market context.

This medical office property was built in 1960 and includes a basement that could be renovated to provide additional space for client visits. The furnace and air conditioning system are 1 year old, and the roof is 8 years old.

The property is directly across from the local hospital and has customer parking. Its Commercial zoning is also suitable for consideration by professional office and retail businesses.

Key Highlights

• Directly across from the local hospital
• Furnace and air conditioning system are 1 year old
• Roof is 8 years old

Property Analytics

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Current Use

Rachel V Mortenson Physician

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.

Location Intelligence

Trade Area within ½ mile

445

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Commercial zoning and a basement with potential for renovation support a range of professional uses.

Where is this medical office space located?

The property is located at 208 8th Ave SE Oelwein, IA.

What is the asking price?

The asking price for this property is $100,000.

What are key features of this property?

This property features: Directly across from the local hospital; Furnace and air conditioning system are 1 year old; Roof is 8 years old