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Listed by Dennis Buchheit • EXIT Realty Unlimited Oelwein
$ 989,000
Est. payment | /mo
0.63 Acres Lot
$ 989,000
Est. payment | /mo
0.63 Acres Lot
Key Details
Property Type Commercial
Sub Type Office/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20255015
Year Built 1984
Annual Tax Amount $26,382
Tax Year 2025
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Office/Retail
Property Description
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.
Location
State IA
County Fayette
Zoning C
Interior
Heating Radiant
Cooling Entire Unit
Flooring Concrete
Fireplace N
Exterior
View Y/N true
Roof Type Membrane
Building
Sewer Public Sewer
Structure Type Stone
Others
Ownership Individual
Acceptable Financing NBR20255015
Listing Terms NBR20255015
Special Listing Condition Normal Sale
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EXIT Unlimited
Brokerage | License ID: T06463000