7 S Frederick Avenue See Below, Oelwein, 50662

Commercial - Retail For Sale


MLS® #: 20150037

New roof on 7 S Frederick in 2016!! There are two building with 4 apartments and 2 commercial stores, combined as one property. Use the one you want for your business and rent out the rest. 5 South Frederick This, approximately 13’ x 55’, store offers over 650 square feet of interior area. Beltone Hearing has rented it for many years. It has a rear exit to the alley. The building is wider on the east side than the west side. There is a one bedroom apartment on the second floor. Gross rent per month for both is $600. 7 South Frederick This, approximately 24’ x 94’, store offers over 2000 square feet of interior area. A beautiful tin ceiling and other features enhance the décor of this building. A full kitchen is currently in the back section. The front of the store is all glass for a great store view. It has an energy efficient natural gas furnace and central air conditioning. A side door has access to the alley in back. Gross rent is $500. It has a 19’ x 30’ 1½-stall garage in the rear. The basement of the building has been dry and offers lots of storage. There are three 2 bedroom apartments on the second floor. Gross rent is $950. The store renters normally pay for gas, electric, and garbage. All apartments have FAG furnaces and central air. The water/sewer and garbage are paid by the landlord, while the tenants pay their own gas and electric. Current property taxes are $1820 per year. Dennis Martin, Listing agent, is the primary shareholder for Windy Ash Enterprises, Inc., the owner of this building.

Essential Information

MLS® #: 20150037
Price: $84,000
Square Footage: 5,300
Acres: 0.10
Type: Commercial
Sub-Type: Retail
Status: Active

Community Information

Address: 7 S Frederick Avenue See Below
Area: Fayette
City: Oelwein
State: IA
Zip Code: 50662

Additional Information


Listing Details

Listing Agent: Dennis Martin
Listing Office: Volga River Realty


$/SqFt: $16

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IDX Data comes from Northeast Iowa Regional Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on October 14th, 2019 at 5:07am CDT.