230-234 8th Ave Wellman, IA 52356 Commercial - Business Active

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Description

Historic Downtown Commercial Opportunity with Endless Potential! Located in the heart of downtown Wellman, this 5,310 square foot commercial property offers a rare opportunity for investors or entrepreneurs looking to restore and reimagine a piece of local history. Positioned along 8th Avenue, the building benefits from excellent visibility and a central location within the community's business district. This versatile property is currently configured for retail, office, or restaurant use, with the added potential for upper-level apartment conversion through renovation. Featuring two bathrooms and a flexible interior layout, the space provides a strong foundation for a variety of business or mixed-use concepts. Situated on a 0.12-acre lot, the property is ideal for those seeking a value-add investment or redevelopment project. With its historic character and prime downtown location, the possibilities for transformation are substantial. Whether you're an investor looking for your next project or a business owner ready to bring your vision to life, this property offers the location and potential to make it happen. Bring your ideas and unlock the potential of this downtown Wellman property?schedule your showing today! Property is being sold As-Is. There are currently no utilities on with this property.

Property Highlights

Property Type: Commercial - Business
Year Built: 1900

General Information

County: Washington
Listed By:
Iowa Realty 319-665-6000 Ryan Sisson
ICAAR MLS
$149,000
Est. $1,022/mo
New to the Market Active
SQUARE FEET5,310 MLS#202602230
STATUSActive PROPERTY TYPECommercial - Business

Get in Touch

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Shown By

Agent Name: Doug Himmelman
Agent Phone: (563) 271-1325
Agency Title: Ruhl&Ruhl Realtors
Agent Email:

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230-234 8th Ave, Wellman, IA 52356.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $149,000$149,000$149,000
Down Payment $29,800$5,215$37,250
Monthly Mortgage Amount $715$877$913
Taxes $207$207$207
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$66$0
Monthly Estimated Total $1,022$1,250$1,220

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About this area

Iowa/Wellman
Wellman

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/07/2026. The listing information on this page last changed on 04/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/07/2026 12:19:40 AM EST) or MRED MLS (last updated Tue 04/07/2026 12:11:54 AM EST) or SCWMLS (last updated Mon 04/06/2026 11:54:42 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 04/06/2026 10:16:16 PM EST) or Cedar Rapids MLS (last updated Mon 04/06/2026 10:46:09 PM EST) or NEIRBR MLS (last updated Tue 04/07/2026 12:18:41 AM EST) or ICAAR MLS (last updated Mon 04/06/2026 11:37:29 PM EST) or ECIMLS (last updated Mon 04/06/2026 11:44:13 PM EST) or RMLSA (last updated Tue 04/07/2026 12:10:56 AM EST) or Muscatine MLS (last updated Tue 04/07/2026 12:15:24 AM EST) or No Coast MLS (last updated Tue 04/07/2026 12:14:22 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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