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Mixed-Use Building with Restaurant

901 Main St, Grinnell, IA 50112

For Sale
$300,000

A restaurant occupies the ground floor, with two residential units on the upper level.

Property Size2,976 SF
Price / SF$100.81
Days on Market41

Property Features for 901 Main St

General Information

Standard status Active
Size 2,976 SF
Property subtype Commercial

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Building Details

Year Built 1900
Buildings 1
Listing Agency: RE/MAX Partners Realty
Listed By: Bennett Wiltfang (641) 236-6683 · License #S68474000
Source: Desmoineshomesforsale
Added: Sep 28 Changed: Nov 4 Last Checked: Nov 6 at 8:54AM

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

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Investment Insights

Based on property information with market context.

At 901 Main St in Grinnell, this 2,976-square-foot mixed-use building dates to 1900. The ground floor is occupied by a restaurant, while the upper floors contain two apartments: a finished two-bedroom unit and a second, unfinished apartment planned for one or two bedrooms, with space in the historic turret.

The corner property features a brick exterior with stone detailing, tall windows, and a denticulated cornice. Restoration work included rebuilding the original southeast corner entrance, installing storefront windows, and reopening window spaces that had been bricked in.

Key Highlights

  • 2,976‑square‑foot mixed‑use building constructed in 1900
  • Restaurant on the ground floor
  • Two upper‑level apartments, including a finished two‑bedroom unit

Property Analytics

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Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Law Firm Hair Salon HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

794
Businesses Nearby
74k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Shops & Services 37% Groceries 16% Home Improvements & Furnishings 4%
McDonald's Dining
16,308 visits/mo 0.2 miles
Fareway Groceries
11,584 visits/mo 0.2 miles
Kum & Go Shops & Services
10,654 visits/mo 0.1 miles
Taco John's Dining
8,582 visits/mo 0.2 miles
Casey's General Store Shops & Services
7,357 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A restaurant occupies the ground floor, with two residential units on the upper level.
Where is this mixed-use property located?
The property is located at 901 Main St Grinnell, IA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,976‑square‑foot mixed‑use building constructed in 1900; Restaurant on the ground floor; Two upper‑level apartments, including a finished two‑bedroom unit
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