Grinnell Manufacturing Facility For
725 Penrose Street, Grinnell, IA 50112
COMMERCIAL - Grinnell, IA
Property size:
10,700 SFLot size:
1.88 AcresPrice / SF:
$46/SF- Added:
- Apr 7, 2026
- Days on Market:
- 50
- Last Refresh:
- May 26 at 2:06 pm
Property Features for 725 Penrose Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Covered, Garage
- Standard status
- Active
- APN
- 0680600
- Size
- 10,700 SF
- Lot size
- 1.88 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MC NALLYS SUB LOT 1 BLOCK 1 & DAVIS ADD LOTS 17 & 18 BLOCK 2
- Tax Annual Amount
- 8736
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 1
- Building materials
- Metal Siding
Listing agent Bennett Wiltfang License #S68474000 (641) 519-0200
Listing office RE/MAX Partners Realty, Grinnell 932 Main St, Marshalltown, IA (641) 236-6683
Listing date Apr 7, 2026
MLS# 6337047
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.
HighLights
- 10,700 SF M‑1 Light Industrial facility on 1.88 acres with room for expansion.
- Heavy‑duty electrical infrastructure: 240V, 3‑phase, 600‑amp service with sub‑panels and a 480V boost transformer.
- 9,500 SF climate‑controlled manufacturing floor with 16' sidewalls and a 10'x24' overhead door.
- Includes 1,500 SF of office space with reception, three private offices, a conference room, and a bathroom.
- Strategically located within Grinnell city limits with easy access from Penrose St. and 3rd Ave.
- NNN Lease options available; suitable for owner‑user or industrial investor.
Overview
Located within Grinnell city limits, this 10,700 SF steel-framed manufacturing facility is available for sale or lease. Situated on 1.88 acres, the property is zoned M-1 Light Industrial and offers significant room for expansion. The building features a load-bearing steel frame, steel/membrane roof, and full city services. Electrical infrastructure includes 240V, 3-phase, 600-amp service, organized into five sub-panel zones with enclosed wire trays and overhead conduit racks, along with a 480V, 3-phase, 50-amp boost transformer with dedicated runs from the main panel. The 9,500 SF manufacturing floor features 16' sidewalls and a 10'x24' overhead door. The shop is insulated, steel-lined, and climate-controlled with an 8.5-ton AC and 160,000 BTU heating hookup, updated in 2019. The 1,500 sq. ft. office area includes a reception, three private offices, a conference room, and a bathroom. The office area has a new furnace and AC unit installed in 2024. The large lot provides ample space for storage or potential subdivision. The property is located with easy access from Penrose St. and 3rd Ave. This versatile property is suited for an owner-user or industrial investor.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Grinnell
- County
- Poweshiek
- State
- Iowa
- Longitude
- -92.70842
- Latitude
- 41.740942
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - 10,700 SF manufacturing facility on 1.88 acres in Grinnell, IA.
Where is this manufacturing property located?
The property is located at 725 Penrose Street Grinnell, IA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 10,700 SF M‑1 Light Industrial facility on 1.88 acres with room for expansion.; **Heavy‑duty electrical infrastructure**: 240V, 3‑phase, 600‑amp service with sub‑panels and a 480V boost transformer.; **9,500 SF climate‑controlled manufacturing floor** with 16' sidewalls and a 10'x24' overhead door.
