
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.
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
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
1 W Charles Street Market Data
Based on the last 30 days in this zip code
1 W Charles Street History
| Date | Value | Agent |
|---|---|---|
| 5/4/2026Source: Northeast Iowa Regional MLS | $889,000 -10.1% |
|
| 10/13/2025Source: Northeast Iowa Regional MLS | October 13, 2025 |

































