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Wellman, IA

Wellman, IA Commercial Real Estate for Sale

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Kalona, IA Keota, IA Parnell, IA Iowa City, IA North English, IA Washington, IA Williamsburg, IA Riverside, IA

Brick Retail Building with Flexible Interior

Updated: Apr 3

Brick Retail Building with Flexible Interior

230-234 8th Ave, Wellman, IA 52356

$145,000

0.12 AC lot

Approximately 5,310 SF brick retail building with flexible retail, office, or restaurant configuration
Two bathrooms and adaptable interior layout
0.12‑acre lot on 8th Ave in downtown Wellman
Built in 1900 with brick and frame construction and wood/vinyl flooring
Central forced air heating with natural gas and central air cooling

Downtown Retail and Office Condo

Updated: Jul 20

Downtown Retail and Office Condo

221 8th Ave, Wellman, IA 52356

$125,000

1,109 sqft

1,109 SF commercial condo with large front display windows and street parking in downtown Wellman
Versatile space suited for retail, office, medical, or service‑based businesses
Monthly CAM fees are $126.50, covering external maintenance through the association
Vinyl flooring
Lot size is 0.18 acres with 66x120 lot dimensions

Leased Office Condominium Suites

Leased Office Condominium Suites

217 8th Ave, Wellman, IA 52356

$224,900

1,845 sqft

Flexible office condo setup offers two turn-key suites with private restrooms and kitchenette space for owner occupants or tenants.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

CRP-Enrolled Farm Land

CRP-Enrolled Farm Land

0000 Cedar, Wellman, IA 52356

$596,420

Three parcels of gently rolling farmland enrolled in CRP with contract expiring September 30, 2035.

Renovated Brick Office Building

Renovated Brick Office Building

302 8th Ave, Wellman, IA 52356

Contact for pricing

Renovated former bank office building with a renovated lobby, conference area, remodeled half bath, and storage.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 5 Active listings in Wellman, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Fully Equipped Restaurant

Fully Equipped Restaurant

226 S Main St, North English, IA 52316

Contact for pricing

1,920 sqft

Business/commercial-zoned space includes a furnished dining area, equipped kitchen, restrooms, and private office.

Acreage Along Paved Highway

Acreage Along Paved Highway

2502 Highway 1 SW, Iowa City, IA 52246

$349,900

4.30 AC lot

4.3-acre Johnson County acreage with multiple building spots and mature timber frontage on paved Highway 1 SW.

Dollar General Convenience Store

Dollar General Convenience Store

2192 332nd Street, North English, IA 52316

Contact for pricing

9,184 sqft

Investment-grade Dollar General in Iowa marketed for strong returns.

Rural Acreage with Mature Timber

Rural Acreage with Mature Timber

2502 Highway 1 SW, Iowa City, IA 52246

Contact for pricing

4.30 AC lot

4.3 acres in Johnson County offers multiple building locations among mature timber and flexibility for a home and hobby farm.

Off-Market Properties in Wellman, IA

Consider similar Off-Market properties in Wellman, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

252 8th Ave

BAR, TAVERN

252 8th Ave, Wellman, IA 52356-4707

$210,000

Estimated value

2,904 sqft 0.06 AC lot

301 9th Ave

SERVICE STATION (FULL SERVICE)

301 9th Ave, Wellman, IA 52356-9301

$255,000

Estimated value

1,372 sqft 0.19 AC lot

117 8th Ave

COMMERCIAL (GENERAL)

117 8th Ave, Wellman, IA 52356

$280,000

Estimated value

0.06 AC lot

1002 2nd St

MOBILE HOME PARK, TRAILER PARK

1002 2nd St, Wellman, IA 52356-9705

$230,000

Estimated value

4.36 AC lot

403 Gdn N Way

WAREHOUSE, STORAGE

403 Gdn N Way, Wellman, IA 52356-8400

$150,000

Estimated value

1,728 sqft 0.74 AC lot

107 5th St

LIGHT INDUSTRIAL

107 5th St, Wellman, IA 52356

$250,000

Estimated value

2,760 sqft 0.19 AC lot

COMMERCIAL (GENERAL)

3388 U Ave, Wellman, IA 52356-8514

$330,000

Estimated value

6,440 sqft 1.15 AC lot

212 8th Ave

BARBER, HAIR SALON

212 8th Ave, Wellman, IA 52356

$225,000

Estimated value

2,640 sqft 0.06 AC lot

227 8th Ave

VETERINARY, ANIMAL HOSPITAL

227 8th Ave, Wellman, IA 52356-4707

$245,000

Estimated value

1,716 sqft 0.06 AC lot

242 8th Ave

RETAIL STORES (PERSONAL SERVICES)

242 8th Ave, Wellman, IA 52356

$160,000

Estimated value

2,378 sqft 0.07 AC lot

115 8th Ave

WAREHOUSE, STORAGE

115 8th Ave, Wellman, IA 52356

$315,000

Estimated value

5,040 sqft 0.39 AC lot

230 8th Ave

RETAIL STORES (PERSONAL SERVICES)

230 8th Ave, Wellman, IA 52356-4707

$250,000

Estimated value

5,120 sqft 0.10 AC lot

237 8th Ave

OFFICE BUILDING

237 8th Ave, Wellman, IA 52356-4707

$220,000

Estimated value

1,144 sqft 0.03 AC lot

241 8th Ave

RETAIL STORES (PERSONAL SERVICES)

241 8th Ave, Wellman, IA 52356-4707

$165,000

Estimated value

1,254 sqft 0.06 AC lot

10 6th Ave

COMMERCIAL (GENERAL)

10 6th Ave, Wellman, IA 52356

Value Estimation by Request

1.53 AC lot

256 8th Ave

OFFICE BUILDING

256 8th Ave, Wellman, IA 52356-4707

$175,000

Estimated value

1,056 sqft 0.06 AC lot

194 3rd St

WAREHOUSE, STORAGE

194 3rd St, Wellman, IA 52356-9701

$280,000

Estimated value

2,268 sqft 0.35 AC lot

125 9th Ave

WAREHOUSE, STORAGE

125 9th Ave, Wellman, IA 52356-9500

$375,000

Estimated value

15,120 sqft 0.84 AC lot

265 8th Ave

RETAIL STORES (PERSONAL SERVICES)

265 8th Ave, Wellman, IA 52356-4707

$290,000

Estimated value

9,680 sqft 0.12 AC lot

Wellman, IA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Wellman, IA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 2,954 square feet of properties for sale, with an estimated market value of $1,091,320.

Sale prices for business properties in Wellman, IA start at $125,000, averaging $272,830, and reaching up to $596,420 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,754

Population Growth (5Y) +2.3%

Median Household Income $54,659

College Educated 21.9%

High-Yield Neighborhoods for Investment

Identify Wellman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
52356	$272.8K

Taxes & Financing

Tax Rate (average for all types) 2.11%

Property Tax per SF $21.01 per SF

Tax Rate vs County Average 0.61 pp below county avg

Average Loan-to-Value 65.0%

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