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22,300 sqft

$889,000

1 W Charles Street, Oelwein IA, 50662

Price per sqft$39.87
Built in1984
Property size22,300 sqft
Property typeCommercial
Courtesy of EXIT Realty Unlimited Oelwein, Listing Contact:

Overview

Active

Listed Oct 13, 2025

Updated Jun 10

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.

Additional information

MLS® ID
20255015

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.63 Acres

Other Property Details

Taxes
$26,382
Tax Frequency
Annually

Listings courtesy of IA - Northeast Iowa Regional Board of REALTORS® (NEIMLS / NEIRBR) as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wapsie Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 2:15 PM UTC on 6/10/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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