Manufacturing Facility with Industrial
For Sale
$475,000
725 Penrose St, Grinnell, IA 50112
M-1 facility combines a climate-controlled production area, dedicated offices, and substantial electrical capacity.
Property Size10,700 SF
Lot Size1.88 Acres
Price / SF$44.39
Days on Market163
Property Features for 725 Penrose St
General Information
Standard status
Active
Size
10,700 SF
Lot size
1.88 Acres
Property subtype
Commercial
Zoning
M-1
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
9,500 SF
Office Build-Out
1,500 SF
Power
600 amps
Voltage
240 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
1950
Buildings
1
Building Size
10,700 SF
Construction
steel frame
Listing Agency:
RE/MAX Partners Realty
(641) 519-0200
Listed By:
Bennett Wiltfang (641) 236-6683 · License #S68474000
Source:
Desmoineshomesforsale
Added: Mar 21
Changed: Aug 29
Last Checked: Aug 29 at 10:30AM
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 manufacturing property offers 10,700 SF on 1.88 acres within Grinnell city limits. The steel-framed building has a steel and membrane roof, full city services, and an M-1 Light Industrial designation. Its 9,500 SF production area includes 16-foot sidewalls, insulation, steel interior lining, climate control, and a 10-foot by 24-foot overhead door. Electrical infrastructure includes 240V, 3-phase, 600-amp service arranged across five sub-panel zones, along with a 480V, 3-phase, 50-amp boost transformer and dedicated equipment runs.
The 1,500-square-foot office component provides reception space, three private offices, a conference room, and a bathroom. Production-area heating and cooling improvements were completed in 2019, while the office received a new furnace and AC unit in 2024. Access is available from Penrose St. and 3rd Ave. The 1.88-acre site also provides room for storage and is identified as suitable for potential subdivision. NNN lease options are available.
The 1,500-square-foot office component provides reception space, three private offices, a conference room, and a bathroom. Production-area heating and cooling improvements were completed in 2019, while the office received a new furnace and AC unit in 2024. Access is available from Penrose St. and 3rd Ave. The 1.88-acre site also provides room for storage and is identified as suitable for potential subdivision. NNN lease options are available.
Key Highlights
- 10,700 SF manufacturing facility on 1.88 acres
- 9,500 SF production floor with 16' sidewalls and a 10'x24' overhead door
- 240V, 3‑phase, 600‑amp electrical service with five sub‑panel zones
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
115
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - M-1 facility combines a climate-controlled production area, dedicated offices, and substantial electrical capacity.
Where is this manufacturing property located?
The property is located at 725 Penrose St Grinnell, IA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 10,700 SF manufacturing facility on 1.88 acres; 9,500 SF production floor with 16' sidewalls and a 10'x24' overhead door; 240V, 3‑phase, 600‑amp electrical service with five sub‑panel zones
