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Commercial Office Building
New
For Sale
$100,000

208 8th Ave SE, Oelwein, IA 50662

Commercial Sale, Oelwein, IA

Property SizeContact for details
Lot Size0.31 Acres
Days on Market1

Property Features for 208 8th Ave SE

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Directions Right across the street from the hospital
Standard status Active
APN 1822351007
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOTS 1 & 4 MEDICAL PARK ADD (Note: Not to be used on legal documents)
Tax Annual Amount 1704
Legal Description LOTS 1 & 4 MEDICAL PARK ADD (Note: Not to be used on legal documents)

Building Details

Year built 1960
Listing Agency: Berkshire Hathaway Home Serv · Berkshire Hathaway HomeServices
Listed By: Angie Andersen · License #S62933000
Added: Oct 2 Last Checked: Oct 2 at 5:06PM
MLS# 20264798

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial office property includes a basement that may offer additional client-facing space with renovation. The furnace and air conditioning system are one year old, and the roof is eight years old. The property was built in 1960 and is zoned Commercial.

The 0.31-acre site is located across from a hospital at 208 8th Ave SE in Oelwein, Iowa.

Key Highlights

  • Across from a hospital at 208 8th Ave SE in Oelwein
  • 0.31‑acre site
  • Furnace and AC 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

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 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 - The furnace and air conditioning system were replaced one year ago, and the roof dates to eight years ago.
Where is this office building 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: Across from a hospital at 208 8th Ave SE in Oelwein; 0.31‑acre site; Furnace and AC are 1 year old; roof is 8 years old
More about this property
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