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    Wellman, IA
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    Wellman, IA Retail Properties & Spaces 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
    View details
    Downtown Retail and Office Condo
    Updated: Jul 20
    Downtown Retail and Office Condo

    221 8th Ave, Wellman, IA 52356

    $99,900
    1,109 sqft
    1,109 SF commercial condo with large front display windows and street parking in downtown Wellman
    Versatile space suited for retail, office, medical, or service‑based businesses
    Monthly CAM fees are $126.50, covering external maintenance through the association
    Vinyl flooring
    Lot size is 0.18 acres with 66x120 lot dimensions
    View details
    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 47 Potential Opportunities for your consideration. Besides 2 Active listings in Wellman, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 37 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.

    Multi-Unit Retail Office Building
    Multi-Unit Retail Office Building

    1054 W Madison St, Washington, IA 52353

    $220,000
    4,216 sqft

    Well-maintained building with a main retail/office area plus two additional office spaces and dedicated half baths per unit.

    View details
    Historic Six-Unit Mixed-Use Building
    Historic Six-Unit Mixed-Use Building

    101 S Marion Ave., Washington, IA 52353

    $425,000
    0.11 AC lot

    Brick downtown property combines retail, office, restaurant, bar, and residential space under one roof.

    View details
    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.

    View details
    Convenience Store Building with Cooler
    Convenience Store Building with Cooler

    Iowa City, IA 52246

    $950,000
    0.81 AC lot

    Neighborhood commercial building with existing retail fixtures, central air, and a zero-step entry.

    View details

    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.

    View details
    Commercial Land with Utilities
    Commercial Land with Utilities

    5239 Oak Crest Hill Rd SE, Hills, IA 52235

    $323,980
    1.25 AC lot

    CH-zoned commercial land with municipal water and sewer in a developed commercial and industrial park.

    View details
    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.

    View details
    Commercial Land with Utilities
    Commercial Land with Utilities

    5211 Oak Crest Hill Rd SE, Hills, IA 52235

    $1,043,262
    4.79 AC lot

    CH-zoned commercial land with city water and sewer in place.

    View details

    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
    View details
    301 9th Ave
    SERVICE STATION (FULL SERVICE)

    301 9th Ave, Wellman, IA 52356-9301

    Estimated value:
    $255,000
    1,372 sqft 0.19 AC lot
    View details
    212 8th Ave
    BARBER, HAIR SALON

    212 8th Ave, Wellman, IA 52356

    Estimated value:
    $225,000
    2,640 sqft 0.06 AC lot
    View details
    242 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    242 8th Ave, Wellman, IA 52356

    Estimated value:
    $160,000
    2,378 sqft 0.07 AC lot
    View details
    230 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    230 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $250,000
    5,120 sqft 0.10 AC lot
    View details
    241 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    241 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $165,000
    1,254 sqft 0.06 AC lot
    View details
    265 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    265 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $290,000
    9,680 sqft 0.12 AC lot
    View details
    603 9th Ave
    RESTAURANT

    603 9th Ave, Wellman, IA 52356

    Estimated value:
    $250,000
    2,112 sqft 0.24 AC lot
    View details
    820 2nd St
    SERVICE STATION (FULL SERVICE)

    820 2nd St, Wellman, IA 52356

    Estimated value:
    $250,000
    1,961 sqft 0.12 AC lot
    View details
    821 2nd St
    RETAIL STORES (PERSONAL SERVICES)

    821 2nd St, Wellman, IA 52356

    Estimated value:
    $135,000
    826 sqft 0.04 AC lot
    View details
    215 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    215 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $170,000
    3,312 sqft 0.06 AC lot
    View details
    119 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    119 8th Ave, Wellman, IA 52356

    Estimated value:
    $165,000
    2,860 sqft 0.03 AC lot
    View details
    813 3rd St
    FINANCIAL BUILDING

    813 3rd St, Wellman, IA 52356

    Estimated value:
    $260,000
    2,965 sqft 0.18 AC lot
    View details
    255 8th Ave
    BAR, TAVERN

    255 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $265,000
    4,796 sqft 0.06 AC lot
    View details
    229 8th Ave
    FINANCIAL BUILDING

    229 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $240,000
    2,486 sqft 0.12 AC lot
    View details
    223 8th Ave
    RESTAURANT

    223 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $230,000
    2,194 sqft 0.18 AC lot
    View details
    221 8th Ave
    RETAIL STORES (PERSONAL SERVICES)

    221 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $225,000
    1,109 sqft 0.18 AC lot
    View details
    812 2nd St
    LAUNDROMAT (SELF-SERVICE)

    812 2nd St, Wellman, IA 52356-9716

    Estimated value:
    $260,000
    1,408 sqft 0.01 AC lot
    View details
    708 2nd St
    RETAIL STORES (PERSONAL SERVICES)

    708 2nd St, Wellman, IA 52356

    Estimated value:
    $240,000
    5,280 sqft 0.12 AC lot
    View details
    1634 Hwy 22nd E
    RETAIL STORES (PERSONAL SERVICES)

    1634 Hwy 22nd E, Wellman, IA 52356-9250

    Estimated value:
    $55,000
    576 sqft 29.15 AC lot
    View details
    266 8th Ave
    GROCERY, SUPERMARKET

    266 8th Ave, Wellman, IA 52356

    Estimated value:
    $160,000
    2,200 sqft 0.06 AC lot
    View details
    251 8th Ave
    BAR, TAVERN

    251 8th Ave, Wellman, IA 52356-4707

    Estimated value:
    $205,000
    2,904 sqft 0.06 AC lot
    View details

    Wellman, IA Retail Properties & Spaces Market Trends and Statistics

    Explore 39 retail properties & spaces for sale in Wellman, IA on our real estate platform. These investment opportunities span a total of 1,109 square feet of properties for sale, with an estimated market value of $239,900.

    Sale prices for stores in Wellman, IA start at $99,900, averaging $119,950, and reaching up to $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

    Storefront properties 2

    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 $135K

    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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