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Brick Retail Building with Flexible Interior
For Sale
$145,000

230-234 8th Ave, Wellman, IA 52356

COMMERCIAL - Wellman, IA

Property Size5,310 SF
Lot Size0.12 Acres
Price / SF$27.31
Days on Market131

Property Features for 230-234 8th Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Elementary school MidPrairie
Middle school MidPrairie
Directions From Hwy 22 in Wellman take 8th Ave South, building is on the left.
Subdivision SWQuadrant
Standard status Active
APN 0124212028 & 0124212027
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1943

Utilities

Heating system Forced Air, Natural Gas, Central
Cooling system Central Air

Building Details

Year built 1900
Flooring type Vinyl, Wood
Building materials Brick, Frame
Listing Agency: Iowa Realty
Listed By: Ryan Sisson
Added: Apr 3 Changed: Aug 4 Last Checked: Aug 11 at 4:06AM
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.

Brick retail building at 230-234 8th Ave in Wellman, IA, offering a flexible interior currently configured for retail, office, or restaurant use. The property includes two bathrooms and a versatile layout intended to support multiple business concepts. Construction is described as brick with frame elements, with wood and vinyl flooring throughout.

The building is approximately 5,310 square feet on a 0.12-acre lot. Built in 1900, it sits along 8th Avenue in the historic downtown setting of Wellman. The home is being sold as-is, and the listing notes that there are currently no utilities on with the property.

Heating is provided by natural gas central forced air systems, and cooling is described as central air. This configuration can support a range of tenant types that need retail-ready space with the option to tailor the interior for day-to-day operations.

Key Highlights

  • Approximately 5,310 SF brick retail building with flexible retail, office, or restaurant configuration
  • Two bathrooms and adaptable interior layout
  • 0.12‑acre lot on 8th Ave in downtown Wellman

Property Analytics

Current Use

Retail space

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Brick retail building configured for retail, office, or restaurant use, with central HVAC and two bathrooms.
Where is this retail space located?
The property is located at 230-234 8th Ave Wellman, IA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Approximately 5,310 SF brick retail building with flexible retail, office, or restaurant configuration; Two bathrooms and adaptable interior layout; 0.12‑acre lot on 8th Ave in downtown Wellman
More about this property
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