1005 Frederick AveOelwein, IA 50662

Property Details for 1005 Frederick Ave

Year built

1954

Construction

FRAME

Lot size

1.08 AC

Property size (Sq ft)

7,850 SF

Property type

Office properties

Property subtype

Office buildings

APN

1816401019

APU

1816401019

Description

This exceptional income-producing property, located at 1005 N Frederick Avenue in Oelwein, Iowa, presents a compelling investment opportunity. Boasting over 7,796 square feet of versatile space, the North Frederick Mini Mall offers a blend of office and retail areas, perfectly suited for a variety of businesses. The main level and basement provide ample storage, enhancing the functionality and appeal of this commercial space. Situated on a 1.08-acre lot, the property enjoys exceptional visibility on Highway 150, a key thoroughfare on the city's edge, ensuring high traffic exposure and excellent potential for attracting tenants. The existing configuration allows for multiple tenants, and the ample parking accommodates their needs comfortably. The asking price is $249,000. This property presents a strong return on investment, making it an ideal addition to an existing portfolio or a perfect starting point for new investors seeking a stable and visible commercial asset. The potential for adding an additional tenant further enhances the long-term profitability of this well-located and versatile commercial property in the thriving city of Oelwein. The property's size and location make it an attractive option for businesses seeking a prominent presence in the community. Don't miss this chance to acquire a valuable piece of commercial real estate in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,292,196

  6.5%

  $1,192,797

  7%

  $1,107,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,664

  Geo Method

  $400,664

• Alternative Use

  Use

  Valuation

  Residential

  $1,479,068

  Hospitality

  $1,354,818

  Educational

  $1,127,193

  Medical

  $1,165,959

  Retail

  $1,753,411

Location Insight

City

Oelwein

County

Fayette

State

Iowa

Latitude

42.6907

Longitude

-91.9128

Property Tax & Assessments

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