Listing Agency: EXIT Realty Unlimited Oelwein d***@theneweaglegroup.com Show Phone

Listed By: Noelle Coleman · License #S59842 Show Phone

Source: Exprealty

Added: Oct 6 Changed: Oct 7 Last Checked: Oct 7 at 2:09PM

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Investment Insights

Based on property information with market context.

The restaurant space is configured for food and beverage service and includes a private office next door, available for lease. An adjoining party room is also offered as a separate leasing option.

The main space measures over 3,000 square feet. The optional party room provides over 3,500 square feet, allowing the spaces to be leased independently or together.

Key Highlights

• Restaurant/bar setup with over 3,000 square feet
• Optional adjoining party room with over 3,500 square feet
• Private office next to the restaurant available for lease

Property Analytics

Current Use

Conventional restaurants

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

421

Businesses Nearby

78k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 42% Dining 32% Groceries 17% Home Improvements & Furnishings 6%

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 0.3 miles

Oelwein #2 Shops & Services

8,480 visits/mo 0.2 miles

Dollar Tree Shops & Services

7,267 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing restaurant and bar configuration with an adjoining event room and a nearby private office available separately.

Where is this conventional restaurant located?

The property is located at 4-1 W W Charles St Oelwein, IA.

What is the lease rate?

The lease rate is $1,000/Mo.

What are key features of this property?

This property features: Restaurant/bar setup with over 3,000 square feet; Optional adjoining party room with over 3,500 square feet; Private office next to the restaurant available for lease