1. Iowa
  2. Grinnell
  3. 907 Main Street
$370,000

907 Main Street, Grinnell, IA 50112

  • 15,080 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,372sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $25/sqft
  • Property List Date Icon Listed 29 days ago

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.

Listing Status:
Active
Date Added:
August 26, 2025 at 05:00AM
Listing Office:
Ramsey Weeks Real Estate : (641) 236-3141
Listing Agent:
Kevin Kolbe : (641) 990-4995
MLS ID:
724926
  • Flooring: Carpet
  • A/C: Central Air
  • Heating: ElectricForced AirGasNatural Gas

This listing courtesy of Kevin Kolbe, Ramsey Weeks Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

D

Davis Elementary School

818 Hamilton Ave, Grinnell, IA, 50112

Grades 3-4

0.47 miles away

G

Grinnell Community Middle School

132 East St S, Grinnell, IA, 50112

Grades 5-8

1.03 miles away

G

Grinnell Community Senior High School

1333 Sunset St, Grinnell, IA, 50112

Grades 9-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.