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    937 Broad St Grinnell, IA 50112

    For Sale
    $850,000

    Apartment - Grinnell, IA

    Type:Apartment
    Property size:
    6,280 SF
    Lot size:
    0.05 Acres
    Days on Market:
    92
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 937 Broad St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    0694600
    Size
    6,280 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1914
    Number of units
    9
    Building materials
    Brick
    Architectural style
    Other

    All In Real Estate Inc (319) 693-9301

    Listing agent Dedee Lehman (319) 693-9301 License #***

    Listing date Sep 6, 2025

    MLS# 6331556 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

    Historic Downtown Grinnell Investment Property

    This three-story historic building, known as The Cornerstone building, is located in downtown Grinnell, Iowa. This nine-unit investment property combines historical charm with modern conveniences. Situated in the heart of the downtown business district, it is within walking distance of retail and service shops, grocery stores, parks, restaurants, and entertainment options, including The Strand movie theater. Its proximity to Grinnell College campus makes it suitable for students and faculty staff members. The property offers a mix of efficiency, studio, one-bedroom, and two-bedroom units. Two units have private entrances, and a top-floor unit features a balcony overlooking Broad Street. A laundry room and a utility/storage room are located in the lower level. The property has a lot size of 0.05 acres and a building size of 6,280 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -92.724496
    Latitude
    41.744547

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit historic building in downtown Grinnell, near Grinnell College.
    Where is this apartment building located?
    The property is located at 937 Broad St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Nine-unit investment property in downtown Grinnell.; - Prime location: walking distance to shops, restaurants, entertainment, and Grinnell College.; - Mix of unit types: efficiency, studio, one-bedroom, and two-bedroom.
    (319) 693-9301
    Request Owner's contact information
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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
    937 Broad St Grinnell, IA 50112
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