3 Charles St Oelwein, IA 50662-1738

This exceptional Oelwein, IA commercial property presents a unique investment opportunity, combining a thriving retail space with a lucrative residential component. Located at 3 E Charles, the 1,150 square foot retail area is currently leased, providing immediate and consistent rental income. The high visibility and significant foot traffic ensure continued tenant demand. Adding to the property's appeal is a spacious, recently updated 2-bedroom, 1-bathroom residential apartment situated above the retail space. This apartment boasts a large living area, a well-appointed kitchen, and convenient in-unit laundry facilities. The apartment's excellent condition and desirable features contribute to strong rental potential, further enhancing the property's overall return on investment. Situated on a substantial 1.38-acre lot, this multi-use property offers significant upside potential for savvy investors seeking a diversified income stream. The combination of a stable retail tenant and a well-maintained residential unit makes this a truly compelling investment opportunity in a desirable location. The property's size and location offer potential for future expansion or redevelopment, adding further value to this already attractive asset. This is a rare chance to acquire a turnkey commercial property with immediate income generation and significant long-term growth potential.