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Storefront Property with Vacant Space
For Sale
$225,000

907 Main St, Grinnell, IA 50112

Two leased ground-floor spaces and a separately accessed upper level provide a flexible commercial configuration.

Property SizeContact for details
Days on Market351

Property Features for 907 Main St

General Information

Standard status Active

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $3,300

Building Details

Year Renovated 2023
Buildings 2
Tenancy Multi
Listing Agency: Ramsey Weeks Real Estate
Listed By: Kevin Kolbe
Source: Exprealty
Added: Aug 26, 2025 Changed: Aug 10 Last Checked: Aug 10 at 9:13AM

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 Ramsey Weeks Real Estate

Investment Insights

Based on property information with market context.

This Main Street commercial property includes two buildings with three distinct spaces. The ground floor contains a retail area and a professional office, both occupied under active leases, while the upper level is vacant and has its own street-level entrance and separate utilities. Each space is served by an individual breaker panel, and the tenants have separate water, gas, and electric meters. Furnaces and AC units are relatively new, and zero-entry access serves both ground-level areas.

A rubber roof was installed in 2023, and the facade underwent a major restoration in 2004 through a city program. Basements beneath 907 Main Street and 909 Main Street provide cement-floored storage areas currently used for seasonal supplies, excess inventory, and business records. The property is located on Main Street in downtown Grinnell, Iowa.

Key Highlights

  • Two ground‑floor tenants have active leases: one commercial tenant and one professional office
  • Vacant upper level includes a separate street‑level entrance and separate utilities
  • Three spaces, each with its own breaker panel

Property Analytics

Current Use

Storefront 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.

Lease Details

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

737
Businesses Nearby
Under-served
Demand for This Use

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Two leased ground-floor spaces and a separately accessed upper level provide a flexible commercial configuration.
Where is this storefront property located?
The property is located at 907 Main St Grinnell, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two ground‑floor tenants have active leases: one commercial tenant and one professional office; Vacant upper level includes a separate street‑level entrance and separate utilities; Three spaces, each with its own breaker panel
More about this property
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