14 E Charles St Oelwein, IA 50662

3,840 SF 0.05 ac lot Built 1900

Individually Owned 6-yr Hold Free & Clear

Property ID

US25-2275990

$95,000 3,840 SF

14 E Charles St, Oelwein, IA 50662
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This exceptional Oelwein, IA office building presents a unique investment opportunity. Boasting 3,705 square feet on a half-acre lot, the property features a welcoming reception area leading to ten spacious offices, perfect for a growing business or multi-tenant occupancy. A well-equipped kitchen and two restrooms are conveniently located on the main floor. Upstairs, a large, adaptable room is ideal for meetings or a private office, complemented by three additional offices and another restroom. Three apartments on the upper level offer significant potential for rental income following some renovations. The expansive full basement provides ample storage with abundant shelving. Recent significant improvements enhance this property's value and functionality. These include a new furnace, air conditioning system, roof, and brickwork, all completed in 2022. A newer water heater and upgraded flooring throughout complete the recent updates. This meticulously maintained property is ready for immediate occupancy and offers a compelling blend of office space and income-generating potential. The location in Oelwein provides easy access to local amenities and transportation routes. Don't miss this chance to acquire a versatile and well-maintained commercial property.