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: Jamie Wiley
Agent Phone: (224) 383-8365
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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Iowa/Wellman
Wellman

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