907 Main Street, Grinnell, IA 50112

Property Description

Discover a remarkable investment opportunity located on Main Street in the heart of downtown Grinnell. This property boasts two well-established tenants: one commercial entity and one professional office. Both 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 upstairs is presently vacant and includes a separate street level entrance, separate utilities, and could be office space, or repurposed to someone's best use. A 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 spaces have their own 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 presently generate two income streams, providing excellent cash flow. If you're aiming to diversify your investment portfolio, I highly recommend considering this commercial opportunity.