Mixed-Use Property
For Sale
$350,000
717 & 721 4th Avenue, Grinnell, IA 50112
Commercial Sale, Grinnell, IA
Property SizeContact for details
Lot Size0.18 Acres
Days on Market147
Property Features for 717 & 721 4th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial,Resi
Directions
Use GPS from location.
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
Legal Description
STEWARTS LOT 6 BLOCK 4 & 20' ALLEY N OF SAID LOT & STEWARTS LOTS 7 & 8 BLOCK 4 & 20' ALLEY N OF SAID LOTS
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: Sep 12
Last Checked: Sep 13 at 3:06PM
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 mixed-use offering includes two buildings at 717 4th Ave. and 721 4th Ave. The multifamily building contains two apartments, each with two bedrooms and one bathroom; both units are occupied. The second building operates as Rabbitt's Tavern and is owner-occupied, with bar fixtures remaining and most bar inventory included in the sale.
The properties comprise approximately 0.18 acres and were built in 1900. Construction includes brick, vinyl siding, and wood siding, with forced-air and baseboard heating. The site is served by public water and carries Business/Commercial and Resi zoning designations.
The properties comprise approximately 0.18 acres and were built in 1900. Construction includes brick, vinyl siding, and wood siding, with forced-air and baseboard heating. The site is served by public water and carries Business/Commercial and Resi zoning designations.
Key Highlights
- Two‑building mixed‑use package at 717 4th Ave. and 721 4th Ave.
- Multifamily building includes two 2‑bedroom, 1‑bathroom apartments
- Both apartments are occupied
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 50112, IA
11,849
Population
5,018
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
182.2 sq mi
ZIP Area
65
Density / Sq Mi
$64,707
Median Household Income
$34,301
Median Earnings
$863
Median Rent
$198,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building offering combines occupied apartments with an operating tavern and included bar fixtures and inventory.
Where is this mixed-use property 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: Two‑building mixed‑use package at 717 4th Ave. and 721 4th Ave.; Multifamily building includes two 2‑bedroom, 1‑bathroom apartments; Both apartments are occupied
