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Downtown Retail Storefront

230-234 8th Ave, Wellman, IA 52356

For Sale
$140,000

Commercial Sale, Wellman, IA

Property Size5,310 SF
Lot Size0.12 Acres
Price / SF$26.37
Days on Market48

Property Features for 230-234 8th Ave

General Information

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

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1943

Utilities

Utilities Cable Available
Heating system Forced Air, Central, Natural Gas
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: Sep 26 Changed: Oct 25 Last Checked: Nov 12 at 9:06AM
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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This commercial storefront at 230-234 8th Ave in Wellman contains 5,310 square feet on a 0.12-acre lot. Built in 1900, the building combines brick and frame construction, with wood and vinyl flooring. Central air conditioning and forced-air natural gas heat serve the property, and cable is available. The interior includes two bathrooms and is configured for retail, office, or restaurant use. Conversion of the upper level to apartments is identified as a possibility with renovation.

The property sits along 8th Avenue in downtown Wellman and is zoned Commercial. It is being sold as-is.

Key Highlights

  • 5,310‑square‑foot commercial storefront on a 0.12‑acre lot
  • Built in 1900 with brick and frame construction
  • Retail, office, or restaurant configuration; two bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - The interior accommodates retail, office, or restaurant operations and includes two bathrooms.
Where is this storefront 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 commercial storefront on a 0.12‑acre lot; Built in 1900 with brick and frame construction; Retail, office, or restaurant configuration; two bathrooms
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