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: Sep 26 Last Checked: Sep 27 at 1:06PM

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MLS# 202605769

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.

This 5,310-square-foot commercial building occupies a 0.12-acre parcel at 230-234 8th Ave. Its existing layout supports retail, office, or restaurant use, and the upper level could be converted to apartments with renovation. The property is being sold as-is.

Built in 1900, the building has brick and frame construction, vinyl and wood flooring, forced-air natural gas heat, and central air conditioning. It sits in downtown Wellman along 8th Avenue.

Key Highlights

• 5,310‑square‑foot building on a 0.12‑acre lot
• Current layout supports retail, office, or restaurant use
• Upper‑level apartment conversion possible with renovation

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

Questions? Ask Rey

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

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 - The interior is arranged for retail, office, or restaurant use and includes 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: 5,310‑square‑foot building on a 0.12‑acre lot; Current layout supports retail, office, or restaurant use; Upper‑level apartment conversion possible with renovation