Grinnell, IA Commercial Real Estate for Sale

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26 properties

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Updated: Sep 16

Level Commercial Development Land

610 Industrial Avenue, Grinnell, IA 50112

$128,250

1.71 AC lot

1.71‑acre level commercial land parcel
Water available at the site
Directly off Highway 146
Wide street frontage on Industrial Avenue
Adjacent to Walmart, Pizza Ranch, and a fully occupied strip mall

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Updated: Jul 9

Mixed-Use Building with Apartments

925 Broad Street, Grinnell, IA 50112

$825,000

0.26 AC lot

Five upstairs apartments: three 2‑bedroom units and two 1‑bedroom units
Two street‑level commercial tenant spaces across 3 commercial doors
Commercial spaces renovated between 2018 - 2025
Rolled rubber roof installed in 2023
0.2557‑acre mixed‑use property built in 1900

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Industrial Land with Dual Access

800 Blakely Circle, Grinnell, IA 50112

$1,407,750

18.77 AC lot

Industrial parcel with water available and access from two roads.

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Manufacturing Facility with Industrial Power

725 Penrose St, Grinnell, IA 50112

$440,000

10,700 sqft 1.88 AC lot

M-1 facility combines a climate-controlled production area, dedicated offices, and substantial electrical capacity.

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Manufacturing Facility with Heavy Power

725 Penrose Street, Grinnell, IA 50112

$440,000

1.88 AC lot

M-1 light industrial facility with climate-controlled production space, dedicated office areas, and full city services.

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Commercial Land with Interstate Visibility

500 Lang Creek Avenue, Grinnell, IA 50112

$802,593

3.35 AC lot

C-1-zoned commercial parcel with natural gas available and visibility from Interstate 80.

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Industrial Land with Highway Frontage

1450 West Street S, Grinnell, IA 50112

$126,000

1.68 AC lot

Industrial-zoned parcel with highway and drive frontage, water availability, and a paved bike trail along its western border.

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Mixed-Use Building with Apartments

925 Broad St, Grinnell, IA 50112

$825,000

10,000 sqft

Downtown property combines street-level commercial space with updated upper-floor apartments and tenant-paid heat, electric, and water.

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Light Industrial Corner Land

432 6th Avenue W, Grinnell, IA 50112

$183,000

2.44 AC lot

Level parcel with Light Industrial zoning and Water Available.

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Commercial Land Near Interstate

505 Lang Creek Avenue, Grinnell, IA 50112

$2,992,572

18.82 AC lot

Commercially zoned land with Interstate visibility and electricity available, positioned near hotels and service stations.

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Warehouse with Auxiliary Barns

4349 32nd St Unit 2, Grinnell, IA 50112

$310,000

8,874 sqft 2.00 AC lot

Insulated warehouse property with heating, air conditioning, overhead doors, and additional agricultural structures.

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Mixed-Use Property with Rubber Roof

907 Main Street, Grinnell, IA 50112

$225,000

0.08 AC lot

Two leased ground-floor spaces accompany a separately accessed upper level suitable for office use or repurposing.

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Mixed-Use Property Package

717 & 721 4th Avenue, Grinnell, IA 50112

$350,000

0.18 AC lot

Two-building offering combines occupied apartments with an operating tavern and included bar fixtures and inventory.

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Storefront Property with Vacant Space

907 Main St, Grinnell, IA 50112

$225,000

3,370 sqft

Two leased ground-floor spaces and a separately accessed upper level provide a flexible commercial configuration.

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Agricultural Land with Pond

1109 E 132nd Street N, Grinnell, IA 50112

$1,600,000

76.07 AC lot

Rolling agricultural acreage includes a residence, outbuildings, livestock areas, creek frontage, and pond access.

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Climate-Controlled Warehouse

4349 32nd St, Grinnell, IA 50112

$310,000

8,874 sqft

Insulated warehouse with radiant heat, air conditioning, floor drains, and large overhead doors.

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Grinnell Commercial Development Land

320 West Street S, Grinnell, IA 50112

$433,500

3 sqft 3.00 AC lot

Commercial land available near I-80 with high traffic.

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Drive-Up Self Storage Facility

623 Penrose Street, Grinnell, IA 50112

Contact for pricing

18,000 sqft 6.24 AC lot

Modern 2022 storage facility with gated, fenced access, office and kiosk, and 198 non-climate units for drive-up use.

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Grocery and Convenience Store

1026 MAIN ST, Grinnell, IA 50112

Contact for pricing

12,330 sqft

Grocery retail property housed in a building dating to 1908.

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Mixed-Use Building Package

717 & 721 4th Ave, Grinnell, IA 50112

$350,000

4,172 sqft

Two buildings combine occupied apartments with an operating bar and retained bar fixtures.

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Commercial Development Land

505 Lang Creek Avenue, Grinnell, IA 50112

$2,992,572

Commercially zoned land near two hotels and two service stations, with visibility from Interstate I-80.

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Hydroponic Greenhouse and Office

1-4349 32nd St, Grinnell, IA 50112

$200,000

5,460 sqft 6.40 AC lot

Commercial greenhouse with a 5,460 SF building featuring private offices, bathrooms, storage, and processing space.

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Retail Space in Grinnell, Iowa

1031 West St, Grinnell, IA 50112

$2,500,000

Retail space available for sale in Grinnell, Iowa.

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Hydroponic Farm with Greenhouses

4349 32nd St Unit 1, Grinnell, IA 50112

$200,000

5,460 sqft

Commercial agricultural property with hydroponic growing infrastructure, processing areas, storage, offices, and expansion land.

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Grinnell, IA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Grinnell, IA, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 100,752 square feet of properties for sale, with an estimated market value of $17,866,237.

Sale prices for business properties in Grinnell, IA start at $126,000, averaging $812,101, and reaching up to $2,992,572 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Grinnell, IA CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 12K

Population Growth (5Y) +0.0%

Median Household Income $64,707

College Educated 54.6%

High-Yield Neighborhoods for Investment

Identify Grinnell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
50112	$789.2K

Taxes & Financing

Tax Rate (average for all types) 2.59%

Property Tax per SF $30.75 per SF

Tax Rate vs County Average 0.40 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Poweshiek County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale Residential Income pricing trends in Poweshiek County

Residential Income

How Realmo verifies these figures

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