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217 8th Ave Wellman, IA 52356

For Sale
217 8th Ave
Wellman IA, 52356
Price: $235,000
Type: Commercial
Sqft: 1845
Agent: Jeff Edberg
Broker: Lepic-Kroeger, REALTORS

This leased investment is a commercial condo that is fully leased for 5-years to two tenants. One tenant is to the only medical clinic in Wellman and the other is a financial services provider. The financial services provider is also the owner and if a buyer would like to occupy the street side suite of 708 square feet and own the entire building with the medical tenant still in place, the owner will move out at closing. The CAP rate based on actual income and expense is a healthy 7.7% return. Both spaces in this commercial condo are in very good condition and show well. There is street parking in the front of the building for the financial services tenant and a parking lot in the rear of the building for the medical services clinic.