5 Charles St Oelwein, IA 50662-1738
- Retail space
- 3,550 SF
- 0.06 lot acres
Current Use by Public Records
- Atlas Legal and Process Services / Legal Services
Property Details for 5 Charles St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 3,550 SF
- Property type
- Retail space
- APN
- 1821260010
- APU
- 1821260010
Description
This 4,700 square foot commercial building located at 5 E Charles in Oelwein, Iowa, presents a unique investment opportunity. Situated on a 0.06-acre lot, the property boasts high visibility and traffic, making it ideal for a variety of businesses. The building currently features a remodeled front area and significant storage space in the rear, which could be easily converted into additional retail or office space. An existing upstairs apartment, approximately the size of a large studio, offers further potential for development. This space could be maintained as a single unit or easily converted into two smaller apartments. The building requires some cosmetic updates, but the overall structure is sound and offers incredible potential for a savvy investor or entrepreneur. Ample parking is available both in front of the building and in the back streets. The property's versatile layout and prime location make it an attractive option for a wide range of commercial uses. This is a chance to acquire a well-positioned property with significant upside potential in a thriving community. The asking price is $39,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oelwein
- County
- Fayette
- State
- Iowa
- Longitude
- -91.913
- Latitude
- 42.6787
