Downtown Multifamily and Bar
717 & 721 4th Avenue Grinnell, IA 50112
For Sale
$350,000
COMMERCIAL - Other - Grinnell, IA
Lot Size0.18 Acres
Days on Market101
Property Features for 717 & 721 4th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial,Resi
Standard status
Active
APN
0692900
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STEWARTS LOT 6 BLOCK 4 & 20' ALLEY N OF SAID LOT & STEWARTS LOTS 7 & 8 BLOCK 4 & 20' ALLEY N OF SAID LOTS
Tax Annual Amount
2882
Utilities
Heating system
Baseboard, Forced Air
Water source
Public
Building Details
Year built
1900
Number of units
3
Building materials
Brick, Vinyl Siding, Wood Siding
Architectural style
Other
Listing Agency:
RE/MAX Partners Realty, Grinnell
(641) 236-6683
Listed By:
Matthew Karjalahti · License #B60759000
(641) 260-0672
Added: Apr 20
Changed: Jun 23
Last Checked: Jul 29 at 6:06PM
MLS# 6337423
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This package offering includes two downtown buildings. 717 4th Ave. is a multifamily building with two apartments, each configured as 2 bedrooms and 1 bathroom. Both apartments are currently occupied. 721 4th Ave. is a bar that is owner-occupied and currently operating as Rabbitt’s Tavern, and the bar fixtures are set to stay with the sale. A majority of the bar inventory is also included, and an inventory list will be provided upon request.
The properties are located at 717 & 721 4th Avenue in Grinnell, Iowa, in Poweshiek County. The lot size listed for the package is 0.18 acres, and the property is described with Business/Commercial and Residential zoning.
For an investor or owner-operator, this configuration provides a combined setup of residential income from the two occupied apartments and an operating bar use under the same purchase. The inclusion of fixtures and most inventory may reduce initial start-up work for a continued bar operation, while the two 2-bedroom units can support an income component alongside the business. Schedule a showing with a local agent to review the inventory details and the buildings’ condition firsthand.
The properties are located at 717 & 721 4th Avenue in Grinnell, Iowa, in Poweshiek County. The lot size listed for the package is 0.18 acres, and the property is described with Business/Commercial and Residential zoning.
For an investor or owner-operator, this configuration provides a combined setup of residential income from the two occupied apartments and an operating bar use under the same purchase. The inclusion of fixtures and most inventory may reduce initial start-up work for a continued bar operation, while the two 2-bedroom units can support an income component alongside the business. Schedule a showing with a local agent to review the inventory details and the buildings’ condition firsthand.
Key Highlights
- Offered as a package: 717 4th Ave. and 721 4th Ave. in downtown Grinnell
- 717 4th Ave. multifamily: 2 apartments, each 2 bed/1 bath; both apartments are occupied
- 721 4th Ave. bar is owner‑occupied and currently operating as Rabbitt's Tavern
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hometown Heroes — 908 Main St, Grinnell, IA 50112
- Solera — 829 Broad St, Grinnell, IA 50112
- Grinnell Craft Brewhouse — 923 Main St, Grinnell, IA 50112
- Rabbitt's Tavern — 721 4th Ave, Grinnell, IA 50112
- Canary Underground Speakeasy — lower level, 924 Main St, Grinnell, IA 50112
Frequently Asked Questions
What type of property is this?
Bar & Pub - Package sale includes occupied apartments and an operating tavern with bar fixtures included.
Where is this bar & pub located?
The property is located at 717 & 721 4th Avenue Grinnell, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Offered as a package: 717 4th Ave. and 721 4th Ave. in downtown Grinnell; 717 4th Ave. multifamily: 2 apartments, each 2 bed/1 bath; both apartments are occupied; 721 4th Ave. bar is owner‑occupied and currently operating as Rabbitt's Tavern
