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Lockard/Waters Oelwein 14 East Charles Street, Oelwein, IA 50662
Property Description
Explore the possibilities with this versatile 2-story commercial building located in the heart of downtown Oelwein. The main level welcomes you with a reception area that flows into several spacious offices, offering plenty of room for individual workspaces or collaborative setups. This floor also includes two restrooms and a convenient kitchen/break area for staff or client use. The upper level provides additional usable space with a large open room, additional offices, and another restroom—ideal for a conference area, training room, or expanded office operations. Also located upstairs are three apartment units. While these units are not currently up to code, they present a great opportunity for future rental income with renovation. A full basement offers ample room for storage or equipment. Two HVAC units were replaced in 2022 along with some exterior masonry repairs and a complete roof recoating that same year. Three rooms upstairs each have their own controlled heating/cooling units that are controlled by remotes. Whether you're expanding your business or seeking an investment property with potential, this building provides a solid foundation and an excellent location to build upon.
Area Description
Located in Fayette County, Oelwein is often called "Hub City" because of its rich railroad heritage. With a population of approximately 5900, the town’s economy is anchored in manufacturing, healthcare and education. The city offers 12 parks, a 55-acre lake for boating and fishing, a wellness center, bowling alley, and a twin-screen movie theater. Cultural life centers around the Williams Center for the Arts, which hosts performances and community events. The public schools are run by the Oelwein Community School District, which also partners with Northeast Iowa Community College for advanced learning opportunities. Oelwein blends a proud historical identity, affordable living, and a welcoming community spirit — a classic Iowa city.
Highlights
- Excellent location in the heart of downtown Oelwein
- Versatile 2-story commercial building for office and/or retail
- Reception area and several individual offices on the main floor
- Full basement for storage
- Opportunity for future rental income from 2nd floor apartments with renovations.
Full Address: 14 East Charles Street, Oelwein, IA 50662
Listing Type: FOR SALE
Status: Active
Zoning: C1
Region: M-WN
County: Fayette County
Use Type: Office
Property ID: 4094369
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Heating: Yes
Cooling: Yes
Has Gas: Yes
Traffic Count: 2790 vpd VPD
Building Sf: 3,705
Parcel Num: 1821401021, 1821401022, 1821401028
Year Built: 1900
Tenancy Type: Single-Tenant