Building Details

Year built 1900

Flooring type Vinyl, Wood

Building materials Brick, Frame

Listing Agency: Iowa Realty d***@iowarealty.com Show Phone

Listed By: Ryan Sisson Show Phone

Added: Apr 3 Changed: Sep 18 Last Checked: Sep 25 at 7:06PM

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MLS# 202602230

Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use commercial property occupies a 0.12-acre lot along 8th Avenue in downtown Wellman. The brick-and-frame building includes a flexible interior arrangement, two bathrooms, vinyl and wood flooring, and central air conditioning with forced-air natural gas heat. Its current configuration supports retail, office, or restaurant use, while the upper level could be converted to apartments through renovation. The property is zoned Commercial and is being sold as-is. Located within Wellman’s business district, the building offers an established downtown setting for a restoration or redevelopment project.

Key Highlights

• 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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store HVAC Service Storage Facility Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

127

Businesses Nearby

Explore this area Business Placement

Demographics for 52356, IA

2,833

Population

1,228

Households

2.3

Avg Household Size

39

Median Age

19%

College-Educated

94%

High-School Grad

95.0 sq mi

ZIP Area

30

Density / Sq Mi

$54,659

Median Household Income

$41,366

Median Earnings

$844

Median Rent

$205,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick-and-frame commercial property configured for retail, office, or restaurant use with two bathrooms.

Where is this mixed-use property located?

The property is located at 230-234 8th Ave Wellman, IA.

What is the asking price?

The asking price for this property is $140,000.

What are key features of this property?

This property features: 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