1005 Frederick Ave Oelwein, IA 50662-1018
- Office buildings
- 7,850 SF
- 1.08 lot acres
Current Use by Public Records
- Knoploh Insurance Agency / Home Insurance Agency / Life Insurance Agency
- Community Insurance of Iowa / Insurance Agency
- Wittmayer Kelly A / Physical Therapist
- Kyla Peak / Physical Therapist
Property Details for 1005 Frederick Ave
- Year built
- 1954
- Construction
- FRAME
- Lot size
- 1.08 lot acres
- Property size
- 7,850 SF
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $240,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $250,000
- Mixed-Use
- $210,000
- Hospitality
- $250,000
- Educational
- $220,000
- Residential Income
- $260,000
- Energy
- $235,000
- Income-Based Land
- $260,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Oelwein
- County
- Fayette
- State
- Iowa
- Longitude
- -91.9128
- Latitude
- 42.6907
