14 Charles StOelwein, IA 50662

Property Details for 14 Charles St

Year built

1900

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

3,840 SF

Property type

Investment properties

Property subtype

Live-work space

APN

1821401021

APU

1821401021

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $632,106

  6.5%

  $583,483

  7%

  $541,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $195,994

  Geo Method

  $195,994

• Alternative Use

  Use

  Valuation

  Residential

  $723,519

  Hospitality

  $662,739

  Educational

  $551,391

  Medical

  $570,354

  Retail

  $857,720

Location Insight

City

Oelwein

County

Fayette

State

Iowa

Latitude

42.6783

Longitude

-91.9128

Property Tax & Assessments

FAQs

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