230-234 8th AveWellman, IA 52356

Commercial · 5,310 Sq. ft. | 0.12 Acres
$145,000 Active

230-234 8th Ave Overview

Time on Site:
88 days
Visits:
791

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.

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230-234 8th Ave Facts & Features

  • Type Commercial
  • Sq. ft. 5,310
  • Price/Sq.ft. $27
  • Lot 0.12 Acres

Details

General

School Information

  • Elementary School: Mid Prairie
  • Middle Or Junior School: Mid Prairie
  • High School: Mid Prairie

Building Information

  • Year Built: 1900

Business Information

  • Business Name: Food Services,Office Building,Retail Store,Other

Location/Region

  • County Or Parish: Washington
  • MLS Area Major: SW Quadrant

Tax Information

  • Tax Year: 2024

General Information

  • Inclusions: Building & Land
  • Property Sub Type: Commercial
  • Property Type: COMMERCIAL
  • Zoning: Commercial

Interior

Building Interior

  • Building Area Total: 5310

General Information

  • Cooling: Central A/C
  • Flooring: Vinyl/Vinyl Tile,Wood
  • Heating: Gas,Central,Forced Air
  • Interior Features: Display Window,Other

Exterior

Lot Information

  • Lot Size Acres: 0.12
  • Lot Size Area: Less Than .5 Acre
  • Lot Size Dimensions: 37.5x120 & 6.5x120

Building Exterior/Construction

  • Roof: Other

General Information

  • Road Frontage Type: County/City Road,Pavement
  • Utilities: Cable TV,Electricity,Natural Gas,Sewer,Telephone,Underground Utilities,Water-City

230-234 8th Ave Neighborhood

Community

52356 (Wellman) Demographics

41
Median Age
29
Population Density (per sq. mile)
27%
College Educated
$51,429
Estimated Median Income
689
Estimated Total Home Owners
365
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

230-234 8th Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

230-234 8th Ave Market Data

Based on the last 30 days in this zip code

$242,400
Average List Price
$134
Average Price per Square Foot
3
Properties Sold
37
Average Days on Market
2
Properties for Sale
Calculations provided by Reliance Network

230-234 8th Ave History

Date Event Value Agent
5/12/2026Source: Iowa City MLS Price Reduction
$145,000 -2.7%
Ryan Sisson
Listing Agent
4/9/2026Source: Iowa City MLS Status Change
Active
Ryan Sisson
Listing Agent
4/3/2026Source: Iowa City MLS Added to Database
April 03, 2026
Ryan Sisson
Listing Agent
Listing provided courtesy of Iowa Realty- MLS# 202602230MLS Provider