729 Center St, Grinnell, IA 50112

Property Description

Rare opportunity to own a premier residential building site located at 729 Center Street in the heart of Grinnell Iowa. This expansive parcel spans zero point thirty seven acres and encompasses over fifteen thousand nine hundred square feet of prime real estate. Comprising lots one through four of block twenty five in the West Grinnell area this property offers an impressive one hundred thirty feet of front footage providing ample space for a sprawling custom home or a multi unit residential project. One of the most significant benefits of this location is its eligibility for the City of Grinnell Urban Revitalization Tax Abatement program. Builders and homeowners can take advantage of substantial financial incentives including a five year one hundred percent tax exemption on the first seventy five thousand dollars of actual value added for standard residential builds. For those interested in developing three or more dwelling units the city offers an even more aggressive ten year one hundred percent tax exemption on the value added. Situated within the Grinnell Newburg School District and just a short distance from the vibrant downtown shops and the Grinnell College campus this level and regular lot is ready for immediate development. Whether you are looking to build a private residence with a massive yard or seeking a high yield investment opportunity this property provides the space and the tax incentives to make your vision a reality.