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Property profile & analytics
FOR LEASE
Office buildings

217 8Th Ave Wellman, IA 52356

1,845 SF 0.18 ac lot Built 1900
Entity Owned 18-yr Hold Free & Clear
Property ID
US25-1583195
Property summary
AI-generated overview

This exceptional commercial property, situated at 217 8th Ave Unit Suites 1 in Wellman, Iowa, presents a unique investment opportunity. The property encompasses a sizable 0.18-acre lot, offering ample space for various commercial ventures. While the precise square footage of the building is currently unavailable, the substantial lot size suggests significant potential for expansion or redevelopment. Its location in Wellman, IA provides access to a thriving local market and offers excellent visibility for businesses seeking a strong presence in the community. The property's general commercial zoning allows for a wide range of uses, making it an attractive option for entrepreneurs and investors alike. The absence of a listed price indicates a flexible negotiation process, allowing for tailored offers based on individual business plans and investment strategies. This property is an ideal canvas for a new business or a strategic addition to an existing portfolio. Serious inquiries are encouraged to explore the possibilities this prime Wellman location offers. The property's versatility and strategic location make it a compelling investment opportunity in a growing Iowa community. Further details regarding the building's specifications are available upon request.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 1,845 SF
Lot 0.18 ac (7,920 SF)
APN 01-24-215-003
UPID US25-1583195
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Leichty Insurance and Financial Services, Inc. Insurance Agency
  • Wellman Family Practice Physician
  • Squiers Meagan M Pediatrician Physician
  • Bjfs LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k
Owner & transaction history
Adl Development Group LLC · 18 yrs held
Adl Development Group LLC
since 2008
1 recorded transaction
2008
$169,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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