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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 Riverside, IA Williamsburg, IA

Historic Mixed-Use Building

Updated: Apr 3

Historic Mixed-Use Building

230-234 8th Ave, Wellman, IA 52356

$140,000

0.12 AC lot

0.12‑acre lot along 8th Avenue in downtown Wellman
Built in 1900 with brick‑and‑frame construction
Flexible layout configured for retail, office, or restaurant use
Two bathrooms and vinyl and wood flooring
Upper‑level apartment conversion possible through renovation

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.

Historic Restaurant with Wine Cellar

Historic Restaurant with Wine Cellar

203 5th St, Kalona, IA 52247

$595,000

4,900 sqft

Multi-level dining property with distinctive historic details, private event atmosphere, and outdoor seating in downtown Kalona.

Historic Restaurant with Patio

Historic Restaurant with Patio

203 5th St, Kalona, IA 52247

$595,000

0.09 AC lot

Multi-level restaurant property with dining rooms, bar areas, wine storage, and outdoor seating in downtown Kalona.

Fully Equipped Restaurant

Fully Equipped Restaurant

226 S Main St, North English, IA 52316

$140,000

1,920 sqft

Business/commercial-zoned space includes a furnished dining area, equipped kitchen, restrooms, and private office.

Equipped Restaurant with Walk-In Freezer

Equipped Restaurant with Walk-In Freezer

226 S Main St, North English, IA 52316

$140,000

Restaurant space includes a fully equipped kitchen, dining area, and private office.

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 Land with Utilities

Commercial Land with Utilities

5241 Oak Crest Hill Rd SE, Hills, IA 52235

$321,385

1.24 AC lot

CH-zoned parcel with municipal water and sewer within a developed commercial and industrial park.

Highway-Visible Commercial Land

Highway-Visible Commercial Land

5231 Oak Crest Hill Rd SE, Hills, IA 52235

$680,385

2.67 AC lot

CH-zoned commercial parcel with municipal water and sewer service in a developed park setting.

Commercial Land with Highway Visibility

Commercial Land with Highway Visibility

Iowa City, IA 52240

$589,000

1.56 AC lot

CC-2-zoned land near US 218, Menards, and a C-Store in South Iowa City.

Commercial Land with Highway Visibility

Commercial Land with Highway Visibility

Iowa City, IA 52240

$455,000

1.19 AC lot

CC-2-zoned commercial land with exposure to US #218 near established retail and convenience destinations.

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

Estimated value:

$210,000

2,904 sqft 0.06 AC lot

603 9th Ave

RESTAURANT

603 9th Ave, Wellman, IA 52356

Estimated value:

$250,000

2,112 sqft 0.24 AC lot

255 8th Ave

BAR, TAVERN

255 8th Ave, Wellman, IA 52356-4707

Estimated value:

$265,000

4,796 sqft 0.06 AC lot

223 8th Ave

RESTAURANT

223 8th Ave, Wellman, IA 52356-4707

Estimated value:

$230,000

2,194 sqft 0.18 AC lot

251 8th Ave

BAR, TAVERN

251 8th Ave, Wellman, IA 52356-4707

Estimated value:

$205,000

2,904 sqft 0.06 AC lot

260 8th Ave

BAR, TAVERN

260 8th Ave, Wellman, IA 52356

Estimated value:

$195,000

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 $140,000 — 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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