Courtesy: RE/MAX Independence Realty
319-334-5703
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.
Courtesy: EXIT Realty Unlimited Oelwein
319-283-5700
Multi-purpose, two story store front window brick building offering excellent investment potential for startup business, retail, office or light industrial applications. With ample opportunity for remodeling the upstairs space into apartments or a spacious studio. Additional storage is available in the rear and a full, dry basement. While the building requires refurbishment, it's potential is evident. Strategically located with high visibility and traffic flow, convenient parking options are available in the front, rear and single stall parking area. Schedule a viewing today to explore this opportunity.
Courtesy: EXIT Realty Unlimited Oelwein
319-283-5700
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.
Courtesy: Century 21 Signature Real Estate - Oelwein
319-283-2211
Prime location in an area of Oelwein that has seen significant investment, this former hardware store and lumber yard sits on over an acre, with almost 12,000 SF of finished retail space with an additional 6000+ SF warehouse that was previously housed the lumber. With drive through access from Highway 150 to 1st Ave SE, there is exceptional potential for additional uses or even multiple tenants. The sale also includes the additional parking lot parcel.
Courtesy: EXIT Realty Unlimited Oelwein
319-283-5700
Remarkable office and retail space in downtown Oelwein IA offering numerous possibilities for innovation, storage and commerce. The expansive window frontage provides an ideal setting to showcase products. This 2 story building features 3 apartments, one of which is currently occupied, while the other 2 are ready for completion. A 4th apartment requires renovations. This building previously served as a bridal store. Ample storage space is available in the rear, which can be finished to accommodate office or common areas. The basement is in great condition, providing supplementary storage capacity. A single parking stall is located at the rear. with additional parking options available on the side street. Strategically situated in the heart of Oelwein, this building benefits from high visibility and foot traffic. The acquisition of this property also includes the adjacent 5 S Frederick building formerly Beltone, which comprises 1650 SF of office space. This exceptional offering present a unique opportunity to establish a thriving business. To capitalize on this outstanding value, contract your favorite realtor to discuss this remarkable 2 for 1 property and turn your entrepreneurial vision into a reality!
Courtesy: Century 21 Signature Real Estate - Oelwein
319-283-2211
Exciting Restaurant Business Opportunity for Sale! Located in a prime downtown corner lot, this spacious 4,141 sq ft restaurant is ready for you to take over and start your culinary dream! The property comes fully equipped with: High-quality Grills & Fryers Fresh Salad Bar Setup Comfortable Booths, Tables, & Chairs for Guests Walk-In Cooler for Storage And Many Other Essential Items for Daily Operations! Whether you’re looking to expand your current business or enter the food industry, this location offers endless potential. Don’t miss out on the chance to own a fully functional and well-maintained restaurant in a prime location. Call today for more details or to schedule a viewing!
Courtesy: EXIT Realty Unlimited Oelwein
319-283-5700
IMPROVED PRICE - REDUCED!! TAKE ADVANTAGE!! Acquire a prime business opportunity in Oelwein, IA. This remodeled restaurant boasts a rich history of serving delicious homemade food, complemented by a fortunate ownership experience. Ample parking, easy accessibility and a friendly staff await. The cleanest restaurant in town; it features recent improvements and equipment less than 5 years old, ensuring mechanical soundness. Numerous additional amenities are available. Please inquire for a comprehensive list. Key features include office space, dual bathrooms, a spacious kitchen, storage room and a large shed for storage and materials, assessible from the rear alley. This turn-key business is ready for immediate operation. Schedule a tour today and enjoy a complementary cup of coffee while exploring this exceptional opportunity.
Courtesy: Century 21 Signature Real Estate - Oelwein
319-283-2211
Commercial Property Alert!! This property offers a combination of steady rental income from the retail space on the main level (currently rented) This is a prime commercial space offering high visibility and foot traffic. This property also adds the opportunity to generate additional revenue from the 2BR/1BA residential apartment upstairs. This apartment is very spacious, well maintained and recently updated, featuring: Large living area, spacious kitchen and laundry area. Whether you're an investor looking for a multi-use property or a buyer seeking an income-generating asset, this property is a must-see! Call today !
Oelwein is located in Iowa. Oelwein, Iowa has a population of 5,961. Oelwein is more family-centric than the surrounding county with 27.25% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Oelwein, Iowa is $38,325. The median household income for the surrounding county is $50,973 compared to the national median of $69,021. The median age of people living in Oelwein is 43.2 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 6.6 degrees. The average rainfall is approximately 36.8 inches per year, with 34.6 inches of snow per year.
