IA
Poweshiek
Grinnell
50112
907 Main Street
907 Main Street, Grinnell, IA 50112
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Listing Type
Commercial/Industrial
Listing Status
Active
8
$370,000

Home Details for 907 Main Street

Price
$370,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1900
Lot size acres
0.0774
County
Poweshiek
Garage
Days on site
144
MLS Listing#
724926
Property Description

Discover a remarkable investment opportunity located on Main Street in the heart of downtown Grinnell. This property boasts three well-established tenants: two commercial entities and one professional office. All three tenants have active leases in place. The building has been well maintained over the years. The first-floor retail and professional office spaces are tastefully decorated, featuring zero entry access to both ground-level spaces. The third commercial unit is situated upstairs, above the two street-facing commercial spaces. A brand-new rubber roof was installed in 2023. In 2004, a significant $250,000 facade restoration was completed in collaboration with the city program. Each tenant benefits from their own water, gas, and electric meters. The furnaces and AC units are relatively new, and each of the three units is equipped with breaker panels. Additionally, there is a basement beneath both 907 Main Street and 909 Main Street, featuring cement floors, currently utilized for storing seasonal supplies, extra inventory, and business records. The two buildings generate three reliable income streams, providing excellent cash flow. If you're aiming to diversify your investment portfolio, I highly recommend considering this commercial opportunity.

Property Features
  • Heating Information
    • Natural Gas
    • Electric
    • Forced Air
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: Ramsey Weeks Real Estate - 641-236-3141
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Des Moines Area Association of REALTORS®. All Rights Reserved.
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EXIT COUNTRY REALTY
108 E. Main Street, Panora, IA 50216
Damon Crandall
License #: S71414000
Sales Representative
Office
641 755 2990
Agent
515 729 8378
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