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$69,900 For Sale

19 S Frederick
Oelwein, IA 50662

3,640 sq ft,
3485 sq ft lot
Commercial: Office - MLS# 20164255
Property Photo


REDUCED!! Now $69,900. For Sale, Lease, Lease with Option or Contract. Located in downtown Oelwein is this well-kept, clean, turn-key and move-in ready property that also offers income opportunity. Total SF with upstairs, main level and basement is 3640 SF, with main level 1820 SF. Main level is a perfect set-up for retail/office space with 4 residential apartments above. Parking is convenient, located in the rear with alley access. Purchase price is $78, 000 OR 2 yr. Lease with Option to Purchase at $495.00 per month plus utilities. This building has many improvements over 10 years. They include new high efficiency furnaces installed in main and upper level in 2005. New central air in 2006. New roof 2017. New carpet in main level North half and rear office in South half in 2005. New water heater in 2016. Blown insulation in upper level and in lower level ceilings. Steel siding on North exterior wall. Spray foam insulation applied to East exterior wall. Interior painting in most of main level and upper levels. Replacement windows in Apartments 3 and 4. Must see to truly appreciate. Call or stop in new office at 1 West Charles, Suite #4 for more information and for your personal showing.


  • Approx Lot Size (Sq Ft): 26x140
  • Options: Option For Sale, Built To Suit
  • Property Taxes: 1583
  • Property Type: Commercial
  • Region: Outside Area
  • Roof Construction: Membrane
  • Sale/Lease Includes: Building
  • Sale/Lease Type: Normal Sale
  • Sewer: City Sewer
  • Sq.Ft.: 3640
  • Sub Type: Office
  • Tenant Pays: Trash, Gas, Electric, Heating, Cooling, Water/Sewer
  • Total Available Sq Ft: 3640
  • Utilities Onsite: Electric, Gas, Water, Sewer
  • Wall Construction: Brick
  • Year Built: 1925
  • Zip Code: 50662
  • Multi-Tenant: Yes
  • Lot SqFt: 3484.8
  • Location: Downtown
  • Available Office Sq Ft: 1771
  • Available Retail Sq Ft: 1771
  • Building Description: Multi-Tenant, 2 Story, Basement
  • Cooling: Central, Partial
  • County/Area: Fayette County
  • Easements/Restrictions: Access
  • Expenses Proj/Act/Hist: Projected
  • Exterior Finish: Brick, Steel
  • Floor Construction: Wood, Tile/Vinyl, Carpeted
  • Frontage/Access: City Street, Paved 2 Lane, Other Frontage/Access
  • Heating: Forced Air, Gas, Entire Unit
  • Improvement Rating: Updated
  • Income Proj/Act/Hist: Projected
  • Insulation: Other Insulation
  • Lease Type: Gross
  • Listing Status: Active
  • Zoning: Commercial

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