1 W Charles StreetOelwein, IA 50662

Commercial · 22,300 Sq. ft. | 0.63 Acres
$889,000 ACTIVE

1 W Charles Street Overview

Time on Site:
259 days
Visits:
54

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.

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1 W Charles Street Facts & Features

  • Type Commercial
  • Sq. ft. 22,300
  • Price/Sq.ft. $40
  • Lot 0.63 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None
  • Gross Income: 143800
  • Net Operating Income: 88000
  • Operating Expense: 55000

Listing Information

  • Buyer Financing: Cash Convention,Seller Financing

Building Information

  • Year Built: 1984

Location/Region

  • County Or Parish: Fayette

Rent/Lease Information

  • Lease Term: N/A
  • Tenant Pays: None

Tax Information

  • Tax Annual Amount: 26382
  • Tax Assessed Value: 646450
  • Tax Year: 2025

General Information

  • Ownership: Individual
  • Parcel Number: 1821181044
  • Possible Use: Office,Retail
  • Property Sub Type: Office/Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Normal Sale
  • Zoning: C

Interior

Building Interior

  • Building Area Total: 22300

General Information

  • Building Features: Wireless Internet
  • Cooling: Entire Unit
  • Flooring: Concrete
  • Heating: Radiant

Exterior

Lot Information

  • Frontage Type: Corner Lot
  • Lot Size Acres: 0.63
  • Lot Size Square Feet: 27370

Building Exterior/Construction

  • Construction Materials: Stone
  • Roof: Membrane

General Information

  • Sewer: Public Sewer

1 W Charles Street Neighborhood

Community

50662 (Oelwein) Demographics

46
Median Age
95
Population Density (per sq. mile)
24%
College Educated
$39,529
Estimated Median Income
1,943
Estimated Total Home Owners
808
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1 W Charles Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1 W Charles Street Market Data

Based on the last 30 days in this zip code

$137,481
Average List Price
$1,110
Average Price per Square Foot
7
Properties Sold
70
Average Days on Market
45
Properties for Sale
Calculations provided by Reliance Network

1 W Charles Street History

Date Event Value Agent
5/4/2026Source: Northeast Iowa Regional MLS Price Reduction
$889,000 -10.1%
10/13/2025Source: Northeast Iowa Regional MLS Added to Database
October 13, 2025
Listing provided courtesy of EXIT Realty Unlimited OelweinNortheast Iowa Regional MLS- MLS# 20255015MLS Provider