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  • $59,000

    723 1st St SW, Oelwein, IA 50662

    2beds
    3,150sqft
    Single Family Residence
    Built in 1900
    0.56 Acres lot
    $59,200 Zestimate®
    $19/sqft
    $-- HOA

    What's special

    Calling all investors and people with vision, this unique property has many uses and potential. Located on the SW side of Oelwein in a residential neighborhood it is currently being used as a small church. There are two buildings included and 2 city lots. The larger building is over 1,300 sqft with a full walkout finished basement. It has 2 half bathrooms. There is a kitchen in the basement. With a little remodeling, this could make a great home, Air BnB, rental unit or keep it commercial as a church, office, salon, photography studio or community event center. With a ramp and parking, it is set up to cater to many businesses. This property also includes an additional 850 sqft building that has a 1/2 bathroom and 2 larger rooms. You could have 2 rentals on one property or 2 Air BnBs... maybe live in one and rent out the second unit to make your payment. Again, endless possibilities. This is being sold by the Church and will be sold in its "as is" condition. However there are no known major issues.

    Zillow last checked: 7 hours ago

    Listing updated: April 02, 2025 at 04:04am

    Listed by:

    Emily J Koch 563-422-7274,

    Koch Real Estate,

    Spencer Koch 563-380-5855,

    Koch Real Estate

    Bought with:

    Heather Federspiel

    Wapsie Realty LLC

    Source: Northeast Iowa Regional BOR,MLS#: 20250876MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    • 1/2 bathrooms: 3
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Cooktop, Free-Standing Range, Gas Water Heater
    Features
    • Basement: Block,Floor Drain,Partially Unfinished
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 3,150 sqft
    • Finished area below ground: 1,000

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: Handicap Access
    Features
    • Exterior features: Garden
    Lot
    • Size: 0.56 Acres
    • Dimensions: 150 x 163
    • Features: Corner Lot, Level
    Details
    • Additional structures: Storage
    • Has additional parcels: Yes
    • Parcel number: 1820428007
    • Zoning: R-2
    • Special conditions: Standard
    • Other equipment: Sump Pump

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1900

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Oelwein

    Other

    Other facts
    • Road surface type: Crushed Rock, Hard Surface Road
    Services availability
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