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    914 Main St Grinnell, IA 50112

    For Sale
    $775,000

    Mixed Use, Commercial Sale - Grinnell, IA

    Lot size:
    0.36 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 914 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0103000
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Ductless (Heating), Hot Water (Heating)

    Building Details

    Year built
    1899
    Number of units
    11
    Building materials
    Brick
    Architectural style
    Other

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

    Listing agent Bennett Wiltfang (641) 236-6683 License #***

    Listing date Nov 2, 2025

    MLS# 6333192 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 in Downtown Grinnell

    This mixed-use investment property is located in downtown Grinnell, Iowa. The well-maintained building features 8 residential units and 3 commercial suites. The residential units include two one-bedroom units, five two-bedroom units, and one three-bedroom unit. Each apartment is individually sub-metered, with all utilities paid by tenants. The main level features three street-facing commercial suites suitable for retail or office tenants. Additional income is generated from an on-site, owner-operated coin laundry located in the common area. Residents have access to 8 or more private parking spaces dedicated to the building. The property is situated on a 0.36-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grinnell
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.725407
    Latitude
    41.743824

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial units in Grinnell, IA.
    Where is this mixed-use property located?
    The property is located at 914 Main St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Prime downtown Main Street location in Grinnell, IA.; - Mixed-use property with 8 residential units and 3 commercial suites.; - Stable residential income and high-visibility retail frontage.
    (641) 236-6683
    Request Owner's contact information
    914 Main St Grinnell, IA 50112
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    Grinnell, IA 50112
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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
    914 Main St Grinnell, IA 50112
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