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217 8th Ave
Wellman, IA 52356
Jessica Hochstedler Yoder with KALONA REALTY, INC., original listing - (319) 656-5299
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Property Details

List Price: $249,900
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: KALONA REALTY, INC.
Agency Phone: (319) 656-5299

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Description/Comments

Lot Size: 0 acre(s)
Property Type: Commercial Sale-Other
Year Built: 1900
Notes: FOR SALE OR LEASE. 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 $850 per month (gross) including taxes and building insurance, and the latest rent on the parking lot facing 1,075 foot suite (Ste 2) is $1,300 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 the financial services tenant (Ste 1) and a parking lot in the rear of the building for additional tenant (Ste 2). Annual taxes are $8,572, Annual insurance is $1,689 and the Annual CAM is $1,326. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all
MlsNumber: --
ListingId: 202503000


Listing Provided By: KALONA REALTY, INC., original listing
Phone: (Uni) ted-Stat xes13196565299
Office Phone: (319) 656-5299
Agent Name: Jessica Hochstedler Yoder
Disclaimer: Copyright © 2025 Iowa City Area Association of REALTORS&#174;. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Local Real Estate Expert

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