Building Details

Year Built 1900

Listing Agency: HERITAGE COMMERCIAL REALTY Show Phone

Listed By: Jerome Edwards Show Phone

Source: Pinnaclerealtyia

Added: Jul 20 Changed: Sep 7 Last Checked: Sep 7 at 5:16AM

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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 HERITAGE COMMERCIAL REALTY

Investment Insights

Based on property information with market context.

This commercial condo offers 1,109 square feet of versatile space for a range of uses, including retail, office, medical, or service-based businesses. The unit features large front display windows aimed at downtown visibility and is described as being in excellent condition.

Street parking is available for the unit. The property is part of an association, with monthly CAM fees of $126.50 paid by the owner that go to the association. The association provides external maintenance.

Ideal for an owner-operator or an investor seeking a downtown commercial asset, the space is positioned for storefront-style presence while remaining adaptable for professional use.

Key Highlights

• 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

Property Analytics

Property Profile

Current Use

Pharmacy on 8th Pharmacy Maria Theresa De ... Pharmacy

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

Well-served

Demand for This Use

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront 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?

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

Where is this storefront property located?

The property is located at 221 8th Ave Wellman, IA.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: 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