7 Frederick Ave Oelwein, IA 50662-1734
- Retail space
- 480 SF
- 0.01 lot acres
May 28, 2025
Current Use by Public Records
- Retail space
Property Details for 7 Frederick Ave
- Year built
- 1949
- Construction
- FRAME
- Lot size
- 0.01 lot acres
- Property size
- 480 SF
- Property type
- Retail space
- APN
- 1821260007
- APU
- 1821260007
Description
This exceptional commercial property, located at 7 South Frederick in Oelwein, Iowa, presents a unique investment opportunity. The 5,300 square foot building offers a versatile blend of retail and industrial space, perfect for a variety of businesses. The main level provides ample space for retail operations or light manufacturing, while the upper level features three apartments generating supplemental rental income. This adds a significant revenue stream to the property, enhancing its overall return on investment. The building's prime downtown location in Fayette County, Iowa (zip code 50662) ensures high visibility and accessibility. Adding to its practicality, the property includes convenient rear storage, ideal for inventory management or equipment storage. The neighboring retail office space offers potential for synergistic business partnerships or expansion. This two-story building represents a rare chance to acquire a multi-faceted property with significant income potential in a thriving downtown area. The asking price is $150,000. This property is zoned for commercial and manufacturing uses.
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
- -91.9131
- Latitude
- 42.6789
