925 Broad Street, Grinnell, IA 50112
- $825,000
- List Price
- $825,000
- Status
- ACTIVE
- Days on Market
- 62
- MLS#
- 744919
- Subtype
- Commercial Sale
- Year Built
- 1900
- Lot Size
- 11,137
- Acres
- 0.26
- MLS Area Major
- Grinnell
Property Description
One of Grinnell's most iconic downtown buildings is FOR SALE - 923, 925, 927 Broad Street. There are two commercial tenants at street level (3 doors for commercial space at street level). A fourth door for the five upstairs apartments: three 2 bedroom, and two one bedroom apartments. Each tenant pays their own heat, electric and water bill. The building was part of the facade restoration in the downtown in 2016. The cornice and parapet were both re-built in the last three years. A new rolled rubber roof in 2023. The water and sewer lines were both replaced when the downtown streets were replaced approx. 20 yrs. ago. The two first floor commercial spaces were completely renovated between 2018 - 2025. The five upstairs apartments have been well cared for and have experienced many updates over the last several years. Pride of ownership is evident as you walk through both the first and second floors. The building has a strong history of occupancy. Monthly/annual income and expenses will be shared upon request. If you are looking for a long term portfolio jewel, this may be what you are looking for. Call your agent for a conversation and to schedule a walk through.
/u.realgeeks.media/arrowheadrealtycompany/Arrowhead_Realty_Logo_mock.png){kind=logo}
Additional Information
- Interior Features
- See Remarks
- Taxes
- $11,885
- Zoning
- c
- Flooring
- Hardwood, Vinyl
- Appliances
- Cooktop, Dryer, Refrigerator, See Remarks, Stove, Washer
- Heating
- Forced Air, Gas, Natural Gas
- Air Conditioning
- Central Air, Window Unit(s)
- Roof
- Rubber, See Remarks
- Foundation
- Block
- School District
- GrinnellNewburg
Mortgage Calculator
Listing courtesy of Kevin Kolbe with Ramsey Weeks Real Estate
Data courtesy of the Des Moines Area Association of REALTORS