122 S Frederick Ave, Oelwein, IA 50662

This 3-story solid brick building needs work, but it is priced accordingly leaving a sufficient amount for remodel and repairs. The main floor was previously a bar, but could easily be converted to other uses. The back bar is still in tack and some equipment and furnishings remain. The floor needs replaced and ceiling needs repaired. There is a metal ceiling above the existing ceiling. The 2nd floor houses one-2 bedroom apartment and four efficiency apartments...all need repair. Two energy efficient furnaces. Utilities are separated by floor. Sitting in a great location along highly traveled S. Frederick. Information is available on the City of Oelwein Revolving Loan Fund created to help businesses in downtown Oelwein with acquistitions, improvements and/or expansions.