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28701495
28701520

1 W Charles St, Oelwein, IA 50662 For Sale

CB
IA IA B68799000
Exit Realty Dubuque
Exit Realty Unlimited
Listed by Exit Realty Dubuque, Exit Realty Unlimited
$889,000
230 days on market
Updated 75 days ago

1 W Charles Street

Details
Property Type Mixed Use, Office (+1)
Sub Type Traditional Office
Square Footage 22,300
Cap Rate 9.9%
NOI $88,000
Price per SqFt $40
Lot Size (SqFt) 27,370

Prime Investment Opportunity — 22,000 SF Commercial Property with Strong Anchor Tenants

Marketing description

Prime Investment Opportunity — 22,000 SF Commercial Property with Strong Anchor Tenants & Sustainable Upgrades!

Discover a premier investment property offering stability, performance, and modern efficiency. This 22,000 square foot commercial building is anchored by a strong, long-term tenants and is nearly fully leased, ensuring consistent income and minimal vacancy exposure. Recent capital improvements demonstrate ownership pride and a commitment to long-term operational excellence. Upgrades include a new high-efficiency boiler system, state-of-the-art HVAC control units, and a large solar array designed to significantly reduce energy costs. With a desirable location, excellent tenant mix, and turnkey sustainability infrastructure, this property represents a secure, future-focused investment in a thriving commercial corridor.

Highlights:

22,000 SF of well-maintained commercial space

Strong anchor tenant with long-term lease

Nearly 100% occupancy

New high-efficiency boiler and HVAC control systems

Large rooftop solar array reducing operating expenses

Proven income stability with growth potential

Current tenants include:

Regional Credit Union

Real Estate office

Nail salon

Law office

Regional Non-profit Agency

Financial Services business

General leased space

Potential Restaurant or eatery

A rare opportunity to own a low-maintenance, income-producing property that combines modern efficiency with a solid tenant base.

Investment highlights

22,000 SF of well-maintained commercial space

Strong anchor tenant with long-term lease

Nearly 100% occupancy

New high-efficiency boiler and HVAC control systems

Large rooftop solar array reducing operating expenses

Proven income stability with growth potential

Listing Contacts

CB
IA IA B68799000
Exit Realty Dubuque
Exit Realty Unlimited
Listed by Exit Realty Dubuque, Exit Realty Unlimited

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$88,000.00
$7,333.33/mo

Valuation Metrics

0
DSCR
9.9%
Cap Rate
9.9%
ROI

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Additional Information

Name
Cody Burger
License
IA B68799000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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