Building Details

Year Built 1900

Listing Agency: Urban Acres Real Estate Corridor j***@pinnaclerealtyia.com Show Phone

Listed By: Jerome Edwards Show Phone

Source: Pinnaclerealtyia

Added: Jan 15 Changed: Aug 16 Last Checked: Aug 16 at 3:33AM

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Investment Insights

Based on property information with market context.

This for-lease commercial condo suite is in very good condition and designed to accommodate a range of business uses. Suite 1 includes two large offices or reception areas, a kitchenette, and a private bathroom. High-speed fiber optic internet is available.

The property offers parking in two locations: street parking in front of the building and a parking lot in the rear. The building is part of an association, with CAM paid by the owner contributing to the association, and the association providing external maintenance. Each tenant is responsible for their own rental insurance.

The layout makes this suite a practical fit for professional and service-oriented businesses that need separate areas for client-facing use and internal work. With dedicated amenities within Suite 1 and multiple parking options, the space supports everyday business operations for a single tenant.

Key Highlights

• Well‑kept office suite (Suite 1) with two large offices or reception areas, plus a kitchenette and private bathroom
• Commercial condo suite with street parking in front and a parking lot in the rear
• Association provides all external maintenance; owner pays CAM and each tenant is responsible for rental insurance

Property Analytics

Property Profile

Current Use

Leichty Insurance and Financial ... Insurance Agency Wellman Family Practice Physician Squiers Meagan M Pediatrician Bjfs LLC Financial Advisor

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.

Lease Details

2

Office units

Turnkey business

Opportunity

NNN (Triple Net)

Lease Type

$2.12 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

146

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Well-kept office suite with two main rooms, kitchenette, and private bathroom plus on-site parking options.

Where is this office units located?

The property is located at 217 8th Ave Wellman, IA.

What is the lease rate?

The lease rate is $825/Mo.

What are key features of this property?

This property features: Well‑kept office suite (Suite 1) with two large offices or reception areas, plus a kitchenette and private bathroom; Commercial condo suite with street parking in front and a parking lot in the rear; Association provides all external maintenance; owner pays CAM and each tenant is responsible for rental insurance