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    705 West St Grinnell, IA 50112

    For Sale
    $215,000

    Mixed Use, Commercial Sale - Grinnell, IA

    Lot size:
    0.14 Acres
    Days on Market:
    127
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 705 West St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    3407600
    Parking features
    Paved or Surfaced
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard, Forced Air

    Building Details

    Year built
    1930
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Partners Realty, Marshalltown (641) 519-0200

    Listing agent Matthew Karjalahti (641) 236-6683 License #***

    Listing date Aug 1, 2025

    MLS# 6330374 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity in Grinnell

    This fully occupied 4-unit mixed-use property is located on Hwy 146/West St. in Grinnell, Iowa. The property is zoned C-1 and offers steady income from both commercial and residential tenants. The main level features two commercial spaces currently occupied by a massage therapy business and a tobacco shop. Both storefronts have prominent signage and customer parking. The upper level contains two residential units: a 1-bedroom, 1-bathroom apartment and a larger 2-bedroom, 1-bathroom unit with a spacious living area. The property benefits from high visibility and excellent drive-by traffic due to its location across from McDonald’s and next to Fareway. It also features newer concrete parking in front. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grinnell
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.727699
    Latitude
    41.740727

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use property with commercial and residential tenants.
    Where is this mixed-use property located?
    The property is located at 705 West St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Prime location on Hwy 146/West St. with high visibility and excellent drive-by traffic.; - Fully occupied 4-unit mixed-use property providing steady income from commercial and residential tenants.; - Zoned C-1, suitable for various commercial uses.
    (641) 236-6683
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    705 West St Grinnell, IA 50112
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