Mixed-Use Property with Rubber
For Sale
$225,000
907 Main Street, Grinnell, IA 50112
CommercialSale, Grinnell, IA
Property SizeContact for details
Lot Size0.08 Acres
Days on Market365
Property Features for 907 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Lot features
Rectangular Lot
Elementary school district
GrinnellNewburg
Middle school district
GrinnellNewburg
High school district
GrinnellNewburg
Directions
Take Exit 182. Head North on IA-146. Turn right onto 4th Ave. Turn left onto Main St. Destination will be on the left - west side of street.
Subdivision
Grinnell
Standard status
Active
APN
1800788600
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STEWARTS LOTS 1 & 2 & N 24'8" ALLEY LYING WEST BLOCK 4
Tax Annual Amount
3301
Legal Description
STEWARTS LOTS 1 & 2 & N 24'8" ALLEY LYING WEST BLOCK 4
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Flooring type
Carpet
Building materials
Brick
Roof type
Rubber
Listing Agency:
Ramsey Weeks Real Estate
(641) 236-3141
Listed By:
Kevin Kolbe
(641) 990-4995
Added: Aug 26, 2025
Changed: Aug 19
Last Checked: Aug 25 at 10:06AM
MLS# 724926
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property at 907 Main Street and 909 Main Street includes two occupied ground-floor spaces—retail and professional office—with zero-entry access. The upper level is vacant and has its own street-level entrance and separate utilities, allowing continued office use or reconfiguration. Three spaces have individual breaker panels, and each tenant has separate water, gas, and electric meters.
A new rubber roof was installed in 2023, while the brick buildings received a substantial facade restoration in 2004. Furnaces and air-conditioning units are relatively new. Basement space beneath both buildings provides cement-floored storage for seasonal supplies, additional inventory, and business records. The property occupies 0.0774 acres in downtown Grinnell and is served by public water and public sewer.
A new rubber roof was installed in 2023, while the brick buildings received a substantial facade restoration in 2004. Furnaces and air-conditioning units are relatively new. Basement space beneath both buildings provides cement-floored storage for seasonal supplies, additional inventory, and business records. The property occupies 0.0774 acres in downtown Grinnell and is served by public water and public sewer.
Key Highlights
- Two established tenants occupy the ground‑floor retail and professional office spaces, with active leases in place
- Vacant upper level has a separate street‑level entrance and separate utilities
- New rubber roof installed in 2023
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased ground-floor spaces accompany a separately accessed upper level suitable for office use or repurposing.
Where is this mixed-use property located?
The property is located at 907 Main Street 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 established tenants occupy the ground‑floor retail and professional office spaces, with active leases in place; Vacant upper level has a separate street‑level entrance and separate utilities; New rubber roof installed in 2023
