Mixed-Use Building
For Sale
$350,000
717 & 721 4th Ave, Grinnell, IA 50112
Two buildings combine occupied apartments with an operating bar and retained bar fixtures.
Property Size4,172 SF
Price / SF$83.89
Days on Market289
Property Features for 717 & 721 4th Ave
General Information
Standard status
Active
Size
4,172 SF
Property subtype
Commercial
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Buildings
2
Listing Agency:
RE/MAX Partners Realty
Listed By:
Matt Karjalahti (641) 236-6683
Source:
Desmoineshomesforsale
Added: Dec 2, 2025
Changed: Sep 15
Last Checked: Sep 16 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Partners Realty
Investment Insights
Based on property information with market context.
This mixed-use offering combines two downtown Grinnell buildings at 717 4th Ave. and 721 4th Ave., totaling 4,172 square feet and dating to 1900. The package includes a multifamily building with two apartments, each configured with 2 bedrooms and 1 bathroom. Both apartments are occupied.
The second building operates as a bar under the name Rabbitt's Tavern and is owner-occupied. Bar fixtures remain with the property, and a majority of the bar inventory is included in the sale. The two addresses are offered together as one package.
The second building operates as a bar under the name Rabbitt's Tavern and is owner-occupied. Bar fixtures remain with the property, and a majority of the bar inventory is included in the sale. The two addresses are offered together as one package.
Key Highlights
- Two‑building package at 717 4th Ave. and 721 4th Ave. in downtown Grinnell
- 4,172‑square‑foot mixed‑use property built in 1900
- Multifamily building includes two 2‑bedroom, 1‑bathroom apartments
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 buildings combine occupied apartments with an operating bar and retained bar fixtures.
Where is this mixed-use property located?
The property is located at 717 & 721 4th Ave 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 package at 717 4th Ave. and 721 4th Ave. in downtown Grinnell; 4,172‑square‑foot mixed‑use property built in 1900; Multifamily building includes two 2‑bedroom, 1‑bathroom apartments
