Commercial Land for Sale in Grinnell, Iowa

725 Penrose St Grinnell, IA 50112

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$459,000
1.88 acres
Active sale agoEst $3,787/mo

1.88 acres of commercial zoned ground for sale within the city limits of Grinnell. The property includes a 10,700 sq. ft. foot metal building (4,428 sq. ft. built in 1950), with the larger addition (6,273 sq. ft.) added in 1976. There is 1,500 sq. ft. of office space which includes a front office, 3 additional offices, a conference room, and a bathroom. Manufacturing space includes 9,500 sq. ft. with 16' sidewalls, and a 10' tall by 24' wide overhead door. The shop floor is climate controlled with an 8.5-ton AC unit, and a 160,000 BTU heating capability hookup ready - new in 2019. The office space has a new furnace/AC unit installed in 2024. The building is load-bearing steel framed with steel siding and is insulated and steel lined in the main shop area. Steel and membrane roof material. Electrical service is a 240 volt, 3 phase, 600 amp. Zoned into 5 sub-panels with each sub-panel zone served by enclosed wire trays. Overhead conduit rack for dedicated runs from the main service panel. 480 volt, 3 phase, 50 amp boost transformer with dedicated runs from the main service panel. Lots of opportunity for multiple uses or splitting the property! Easy in and out from Penrose St. and 3rd Ave. There are city services on the property. Come take a look!

Directions

From 6th Ave. Turn south on Penrose, proceed south on 3 blocks. Destination at corner of Penrose St. & 3rd Ave.

Location

Street Address
725 Penrose St
Community
Grinnell
School District
GrinnellNewburg
Elevation
1,010 feet
Coordinates
41.741, -92.7085

Property details

Zoning
M-1
MLS Number
DMAAR 696214
Date Posted

Property taxes

2024
$5,492

Parcels

  • 1800680600

Legal description

This 1.88-acre property is located at 725 Penrose St in Grinnell, IA 50112 with latitude 41.741 and longitude -92.7085. The property is currently available for sale for $459,000 with a price per acre of $243,889. Listing data is sourced from Des Moines Area Association of Realtors # 696214.

Verify sale details at the property source or contact Ramsey Weeks Real Estate at (541) 915-0940.

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Copyright (C) 2024 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 1 hour ago. Parcel data by Regrid.

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