116 Steele Dr

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116 Steele Dr

Oelwein, IA 50662
Asking Price
$56K
Asset Type
Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Office building totaling 1,216 square feet of interior space
  • Available for purchase at an asking price of $56,000
  • Located centrally within the Oelwein, Iowa community
  • Flexible floor plan accommodates diverse professional business use cases
  • Situated at the coordinates of 42.6805, -91.9142
  • Well-positioned asset for local professional or administrative operations

What's Special

This office building spans 1,216 square feet and sits at 116 Steele Dr in Oelwein, Iowa. The property provides a functional footprint suitable for professional service firms, small medical practices, or administrative headquarters. Oelwein serves as a key regional hub within Fayette County, maintaining a steady economy supported by local manufacturing and service industries. Its position within the city offers access to local transport corridors, facilitating connectivity for employees and clientele alike. Investors and business owners seeking an entry-level commercial asset will find this location provides a straightforward layout for customization. The building supports a variety of workspace configurations, allowing for modular office setups or reception areas. Given the current configuration, it remains a viable option for those looking to establish a footprint in a stable Midwestern community. The surrounding submarket demonstrates consistent demand for accessible professional space, making this property a pragmatic acquisition for an owner-occupier or a commercial investor looking to expand their portfolio in this part of the state.

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NOI
$80,000
Cap Rate
142.86%
DSCR
24.06
Strong
Cash-on-Cash
456.40%
Monthly Payment
$277.057
Annual Cash Flow
$76,675.311

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