Leased Office Condominium
For Sale
$224,900
217 8th Ave, Wellman, IA 52356
Flexible office condo setup offers two turn-key suites with private restrooms and kitchenette space for owner occupants or tenants.
Property Size1,845 SF
Price / SF$121.90
Days on Market222
Property Features for 217 8th Ave
General Information
Standard status
Active
Size
1,845 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$6,254
Amenities
ConcreteSlabGrade,Carpet,CeramicTile
ZeroStepEntry
66x120
0.18
CountyRoad,Paved
Building Details
Year Built
1900
Listing Agency:
Fischels Commercial Group
(319) 393-0900
Listed By:
Alex Miller
Source:
Pinnaclerealtyia
Added: Jan 15
Changed: Aug 25
Last Checked: Aug 25 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fischels Commercial Group
Investment Insights
Based on property information with market context.
This commercial condo presents two office suites in very good condition, currently configured for leasing and also suitable for owner occupancy. Suite 1 (front facing) includes two large office areas, a kitchenette, and a private bathroom. Suite 2 is freshly painted and features a reception area, kitchenette space, a private bathroom, and multiple individual rooms/offices; one additional room is plumbed for water. Each suite includes common area access, including shared common area bathrooms for Suite 2.
The property is a street-access building with street parking in front for Suite 1 and a rear parking lot serving Suite 2. The most recent reported rent for Suite 1 is $825 per month (gross), including taxes and building insurance, and the current reported rent for Suite 2 is $1,395 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38 per month, and Suite 2 CAM is an additional $72.40 per month, for a combined CAM of $110.53 per month.
For tenants or owner-occupants, the layout supports either one-suite occupation or taking both suites together for a larger footprint. The private bathrooms and kitchenette areas within each suite help support daily operations, while the different room counts and the water-plumbed room in Suite 2 provide options for administrative use, client-facing functions, or departmental offices.
The property is a street-access building with street parking in front for Suite 1 and a rear parking lot serving Suite 2. The most recent reported rent for Suite 1 is $825 per month (gross), including taxes and building insurance, and the current reported rent for Suite 2 is $1,395 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38 per month, and Suite 2 CAM is an additional $72.40 per month, for a combined CAM of $110.53 per month.
For tenants or owner-occupants, the layout supports either one-suite occupation or taking both suites together for a larger footprint. The private bathrooms and kitchenette areas within each suite help support daily operations, while the different room counts and the water-plumbed room in Suite 2 provide options for administrative use, client-facing functions, or departmental offices.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office condo setup offers two turn-key suites with private restrooms and kitchenette space for owner occupants or tenants.
Where is this office units located?
The property is located at 217 8th Ave Wellman, IA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 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.
