• MLS® #: 20150037
  • 7 S Frederick Avenue See Below

  • Oelwein, IA 50662
  • $84,000 REDUCED
  • 5300 , 0.10 Acres
  • Commercial

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 Footage5,300
  • Acres0.10
  • TypeCommercial
  • Gross Tax$2,080
  • Sub-TypeRetail
  • StatusActive

Community Information

  • Address7 S Frederick Avenue See Below
  • AreaFayette
  • CityOelwein
  • StateIA
  • Zip Code50662

Additional Information

  • Date ListedDecember 29th, 2017
  • Days on Market603


  • Agent: Dennis Martin
  • Office: Volga River Realty
Need More Info?

Hannah Berregaard

Get a Pre-Approved Mortgage

Bill Tye


Property Location

Get directions to this property:
Please provide a valid email address.
Please provide a valid email address.

The IDX information being provided by the Northeast Iowa Regional Board of REALTORS® is exclusively for consumers' personal, non-commercial use, and it 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 August 25th, 2019 at 6:08am CDT.