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829 1st Ave Se, Oelwein, IA 50662 For Sale

TL
IA S71966000IA, IA
Century 21 Signature Real Estate Waverly
CENTURY 21 Signature Real Estate
Listed by Century 21 Signature Real Estate Waverly, CENTURY 21 Signature Real Estate
$449,900
324 days on market
Updated 18 days ago

Lumber Ridge Home Source

Details
Property Type Retail, Office (+1)
Sub Type Distribution, Warehouse (+1)
Square Footage 17,936
Year Built 2004
Buildings 2
Stories 1
Acreage 1.270
Zoning Commercial
Sale Condition Bank owned foreclosure

Prime Oelwein Retail/Warehouse | 18,000+ SF | High Visibility | Turnkey Opportunity

Marketing description

Positioned in a prime, high-visibility location within an area of Oelwein experiencing significant investment and growth, this former hardware store and lumber yard presents a great opportunity. The property sits on over an acre and features approximately 12,000 square feet of finished retail space, along with an additional 6,000+ square feet of warehouse space previously utilized for lumber storage. All shelving, racks, and furnishings are included, offering the potential for a seamless, turnkey setup for your business. With convenient drive-through access from Highway 150 to 1st Avenue SE, the site provides excellent accessibility and flexibility ideal for a variety of uses or even multi-tenant occupancy. The offering also includes an additional parcel for expanded parking, enhancing both functionality and future potential.

Investment highlights

Prime Location with Strong Visibility

Strategically positioned in a high-traffic corridor of Oelwein, in an area experiencing continued investment and growth.

Large Retail + Warehouse Footprint (18,000+ SF)

Approximately 12,000 SF of finished retail space plus 6,000+ SF of warehouse/storage—ideal for a variety of commercial uses.

Turnkey Opportunity

Includes all shelving, racks, and furnishings, allowing for immediate occupancy and operation with minimal upfront costs.

Expansive 1+ Acre Site

Ample space for operations, storage, expansion, or redevelopment.

Drive-Through Access & Excellent Accessibility

Convenient ingress/egress from Highway 150 to 1st Ave SE, supporting strong traffic flow and ease of use.

Additional Parcel Included for Parking

Enhances usability for customers, tenants, or future development.

Flexible Use Potential

Well-suited for retail, showroom, warehouse, distribution, or multi-tenant conversion.

Value-Add & Multi-Tenant Opportunity

Potential to increase income through lease-up, reconfiguration, or redevelopment strategies.

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Listing Contacts

TL
IA S71966000IA, IA
Century 21 Signature Real Estate Waverly
CENTURY 21 Signature Real Estate
Listed by Century 21 Signature Real Estate Waverly, CENTURY 21 Signature Real Estate

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Additional Information

Name
Tim Lalk
License
S71966000IA
Brokerage
Century 21 Signature Real Estate
Title
Commercial Specialist
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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