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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 Riverside, IA Williamsburg, IA

Historic Mixed-Use Building

Updated: Apr 3

Historic Mixed-Use Building

230-234 8th Ave, Wellman, IA 52356

$140,000

0.12 AC lot

0.12‑acre lot along 8th Avenue in downtown Wellman
Built in 1900 with brick‑and‑frame construction
Flexible layout configured for retail, office, or restaurant use
Two bathrooms and vinyl and wood flooring
Upper‑level apartment conversion possible through renovation

Leased Office Condominium Suites

Updated: Jan 15

Leased Office Condominium Suites

217 8th Ave, Wellman, IA 52356

$224,900

1,845 sqft

Commercial condo For Sale or Lease (Ste 1) with two rentable suites (Ste 1 and Ste 2).
Ste 1: 700‑foot front‑facing suite leased at $825/month gross, including taxes and building insurance; includes two large offices, kitchenette, and private bath.
Ste 2: 1,075‑foot parking‑lot‑facing suite leased at $1,395/month gross, including taxes and building insurance; freshly painted with reception, kitchenette space, private bath, and multiple offices.
CAM charges: Ste 1 $38/month and Ste 2 $72.40/month (combined CAM $110.53/month).
Flooring includes concrete slab grade, carpet, and ceramic tile; zero‑step entry throughout interior spaces.

Downtown Retail and Office Condo

Downtown Retail and Office Condo

221 8th Ave, Wellman, IA 52356

$99,900

1,109 sqft

Versatile commercial condo with large front display windows and street parking in downtown Wellman, with CAM covering external maintenance.

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

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Wellman, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

Historic Restaurant with Wine Cellar

Historic Restaurant with Wine Cellar

203 5th St, Kalona, IA 52247

$595,000

4,900 sqft

Multi-level dining property with distinctive historic details, private event atmosphere, and outdoor seating in downtown Kalona.

Historic Restaurant with Patio

Historic Restaurant with Patio

203 5th St, Kalona, IA 52247

$595,000

0.09 AC lot

Multi-level restaurant property with dining rooms, bar areas, wine storage, and outdoor seating in downtown Kalona.

Agricultural Land with Highway Frontage

Agricultural Land with Highway Frontage

Highway 1 SW, Iowa City, IA 52246

$1,125,000

45.00 AC lot

45-acre farm site with productive tillable acreage and paved highway frontage, with 2026 crop lease in place.

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

Estimated value:

$210,000

2,904 sqft 0.06 AC lot

301 9th Ave

SERVICE STATION (FULL SERVICE)

301 9th Ave, Wellman, IA 52356-9301

Estimated value:

$255,000

1,372 sqft 0.19 AC lot

117 8th Ave

COMMERCIAL (GENERAL)

117 8th Ave, Wellman, IA 52356

Estimated value:

$280,000

0.06 AC lot

1002 2nd St

MOBILE HOME PARK, TRAILER PARK

1002 2nd St, Wellman, IA 52356-9705

Estimated value:

$230,000

4.36 AC lot

403 Gdn N Way

WAREHOUSE, STORAGE

403 Gdn N Way, Wellman, IA 52356-8400

Estimated value:

$150,000

1,728 sqft 0.74 AC lot

107 5th St

LIGHT INDUSTRIAL

107 5th St, Wellman, IA 52356

Estimated value:

$250,000

2,760 sqft 0.19 AC lot

COMMERCIAL (GENERAL)

3388 U Ave, Wellman, IA 52356-8514

Estimated value:

$330,000

6,440 sqft 1.15 AC lot

212 8th Ave

BARBER, HAIR SALON

212 8th Ave, Wellman, IA 52356

Estimated value:

$225,000

2,640 sqft 0.06 AC lot

227 8th Ave

VETERINARY, ANIMAL HOSPITAL

227 8th Ave, Wellman, IA 52356-4707

Estimated value:

$245,000

1,716 sqft 0.06 AC lot

242 8th Ave

RETAIL STORES (PERSONAL SERVICES)

242 8th Ave, Wellman, IA 52356

Estimated value:

$160,000

2,378 sqft 0.07 AC lot

115 8th Ave

WAREHOUSE, STORAGE

115 8th Ave, Wellman, IA 52356

Estimated value:

$315,000

5,040 sqft 0.39 AC lot

230 8th Ave

RETAIL STORES (PERSONAL SERVICES)

230 8th Ave, Wellman, IA 52356-4707

Estimated value:

$250,000

5,120 sqft 0.10 AC lot

237 8th Ave

OFFICE BUILDING

237 8th Ave, Wellman, IA 52356-4707

Estimated value:

$220,000

1,144 sqft 0.03 AC lot

241 8th Ave

RETAIL STORES (PERSONAL SERVICES)

241 8th Ave, Wellman, IA 52356-4707

Estimated value:

$165,000

1,254 sqft 0.06 AC lot

10 6th Ave

COMMERCIAL (GENERAL)

10 6th Ave, Wellman, IA 52356

Estimated value:

No data

1.53 AC lot

256 8th Ave

OFFICE BUILDING

256 8th Ave, Wellman, IA 52356-4707

Estimated value:

$175,000

1,056 sqft 0.06 AC lot

194 3rd St

WAREHOUSE, STORAGE

194 3rd St, Wellman, IA 52356-9701

Estimated value:

$280,000

2,268 sqft 0.35 AC lot

125 9th Ave

WAREHOUSE, STORAGE

125 9th Ave, Wellman, IA 52356-9500

Estimated value:

$375,000

15,120 sqft 0.84 AC lot

265 8th Ave

RETAIL STORES (PERSONAL SERVICES)

265 8th Ave, Wellman, IA 52356-4707

Estimated value:

$290,000

9,680 sqft 0.12 AC lot

1014 540th SW St

OFFICE/RESIDENTIAL (MIXED USE)

1014 540th SW St, Wellman, IA 52356-9583

Estimated value:

$300,000

1,728 sqft 10.57 AC lot

603 9th Ave

RESTAURANT

603 9th Ave, Wellman, IA 52356

Estimated value:

$250,000

2,112 sqft 0.24 AC lot

Wellman, IA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Wellman, IA, showcased through 3 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 $464,800.

Sale prices for business properties in Wellman, IA start at $99,900, averaging $154,933, and reaching up to $224,900 — 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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