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 communityâ??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 youâ??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 propertyâ??schedule your showing today! Property is being sold As-Is. There are currently no utilities on with this property.
FOR LEASE: Nice business/office opportunity for lease that is nicely set up to suit a multitude of different businesses! The entire space is in very good condition and shows well. Suite 1 is set up with two large offices or reception areas with a kitchenette and private bathroom. There is street parking in the front of the building plus a parking lot in the rear of the building. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all external maintenance. Each tenant is responsible for their own rental insurance. High speed fiber optic internet available!
FOR SALE OR LEASE (Ste 1). This leased investment is a commercial condo that could be leased to one or two tenants or used by an owner occupant. The latest rent on the front facing 700 foot suite (Ste 1) is $825 per month (gross) including taxes and building insurance, and the current rent on the parking lot facing 1,075 foot suite (Ste 2) is $1,395 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38/month and Suite 2 CAM is an additional $72.40/month (or combined CAM $110.53/month). Both spaces in this commercial condo are in very good condition and show well. Suite 1 features two large office areas, a kitchenette, and a private bathroom. Suite 2 has just been freshly painted and currently features three individual rooms/offices with sinks/cabinets and a fourth room/office that is plumbed for water. Suite 2 has a nice reception area, kitchenette space, private bathroom and access to the shared common area bathrooms. There is street parking in the front of the building for Suite 1 and a parking lot in the rear of the building for Suite 2.
Wellman is located in Iowa. Wellman, Iowa has a population of 1,474. Wellman is more family-centric than the surrounding county with 41.23% of the households containing married families with children. The county average for households married with children is 32.06%.
The median household income in Wellman, Iowa is $51,364. The median household income for the surrounding county is $66,908 compared to the national median of $69,021. The median age of people living in Wellman is 43.8 years.
The average high temperature in July is 84.7 degrees, with an average low temperature in January of 11.9 degrees. The average rainfall is approximately 36.7 inches per year, with 26 inches of snow per year.
