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Wellman, IA

Restaurants

Wellman, IA Restaurants for Sale

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Kalona, IA Keota, IA Parnell, IA Iowa City, IA North English, IA Washington, IA Williamsburg, IA Riverside, IA

Brick Retail Building with Flexible Interior

Updated: Apr 3

Brick Retail Building with Flexible Interior

230-234 8th Ave, Wellman, IA 52356

$145,000

0.12 AC lot

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
Built in 1900 with brick and frame construction and wood/vinyl flooring
Central forced air heating with natural gas and central air cooling

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 1 Active listings in Wellman, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Neighborhood Bar and Restaurant

Neighborhood Bar and Restaurant

1208 Highland Court, Iowa City, IA 52240

$465,000

4,320 sqft

Established neighborhood bar with current liquor license, leased games, and two newer AC units on a paved parking lot.

Retail Space on Highway 1

Retail Space on Highway 1

521-525 Hwy 1 W, Iowa City, IA

Contact for pricing

4,560 sqft 0.49 AC lot

Retail property for sale with high visibility and access.

C-2 Commercial Land

C-2 Commercial Land

Acorn Dr lot: 1 Part 5, Coralville, IA 52241

$613,470

1.41 AC lot

Level commercial site near the Coralville Strip with stated suitability for retail or restaurant development.

C-2 Commercial Land

C-2 Commercial Land

Acorn Dr lot: 6 Part 5, Coralville, IA 52241

$532,140

1.22 AC lot

Level development site near the Coralville Strip with retail and restaurant use potential.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial-Industrial Land with Utilities

Commercial-Industrial Land with Utilities

5241 Oak Crest Hill Rd SE, Hills, IA 52235

$321,385

1.24 AC lot

Fully developed lots with city water and sewer, positioned for commercial and industrial use with highway visibility.

Commercial Industrial Land Parcel

Commercial Industrial Land Parcel

5231 Oak Crest Hill Rd SE, Hills, IA 52235

$680,385

2.67 AC lot

Fully developed industrial lots with city water and sewer in a newer commercial corridor.

High-Visibility Commercial Land

High-Visibility Commercial Land

Iowa City, IA 52240

$589,000

1.56 AC lot

Zoned CC-2 land parcel with strong US 218 exposure near Menards and a c-store in Iowa City.

Commercial Land with Highway Visibility

Commercial Land with Highway Visibility

Iowa City, IA 52240

$455,000

1.19 AC lot

Commercial land zoned CC-2 near Menards, offering strong visibility along US 218 and nearby retail activity.

Off-Market Properties in Wellman, IA

Consider similar Off-Market properties in Wellman, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

252 8th Ave

BAR, TAVERN

252 8th Ave, Wellman, IA 52356-4707

$210,000

Estimated value

2,904 sqft 0.06 AC lot

603 9th Ave

RESTAURANT

603 9th Ave, Wellman, IA 52356

$250,000

Estimated value

2,112 sqft 0.24 AC lot

255 8th Ave

BAR, TAVERN

255 8th Ave, Wellman, IA 52356-4707

$265,000

Estimated value

4,796 sqft 0.06 AC lot

223 8th Ave

RESTAURANT

223 8th Ave, Wellman, IA 52356-4707

$230,000

Estimated value

2,194 sqft 0.18 AC lot

251 8th Ave

BAR, TAVERN

251 8th Ave, Wellman, IA 52356-4707

$205,000

Estimated value

2,904 sqft 0.06 AC lot

260 8th Ave

BAR, TAVERN

260 8th Ave, Wellman, IA 52356

$195,000

Estimated value

2,640 sqft 0.06 AC lot

Wellman, IA Restaurants Market Trends and Statistics

Explore 7 restaurants for sale in Wellman, IA on our real estate platform.

Sale prices for restaurant properties in Wellman, IA average $145,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 2,754

Population Growth (5Y) +2.3%

Median Household Income $54,659

College Educated 21.9%

High-Yield Neighborhoods for Investment

Identify Wellman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
52356	$145K

Taxes & Financing

Tax Rate (average for all types) 2.11%

Property Tax per SF $21.01 per SF

Tax Rate vs County Average 0.61 pp below county avg

Average Loan-to-Value 65.0%

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