Mixed-Use Building with Upper-Level
For Sale
$239,000
907 Main Street, Grinnell, IA 50112
CommercialSale, Grinnell, IA
Property SizeContact for details
Lot Size0.08 Acres
Days on Market432
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: Oct 28
Last Checked: Oct 31 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings with three spaces: a commercial space, a professional office, and an upper level that could be adapted for office use or multiple dwelling units. The two ground-floor tenants have active leases. Each space has its own breaker panel, and the tenants have separate water, gas, and electric meters. A street-level entrance and separate utilities serve the upper level. Basements beneath both buildings provide storage space.
Built in 1900, the property sits on 0.0774 acres and is zoned C. A rubber roof was installed in 2023, following a facade restoration completed in 2004. The buildings have forced-air heating, central air, and public water and sewer.
Built in 1900, the property sits on 0.0774 acres and is zoned C. A rubber roof was installed in 2023, following a facade restoration completed in 2004. The buildings have forced-air heating, central air, and public water and sewer.
Key Highlights
- Two buildings contain three commercial and office spaces, including an upper level with potential for office use or multiple dwelling units
- Two ground‑floor tenants have active leases
- Each space has a separate breaker panel; tenants have individual water, gas, and electric meters
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased commercial spaces share the property with an upper level that may accommodate office or residential use.
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 $239,000.
What are key features of this property?
This property features: Two buildings contain three commercial and office spaces, including an upper level with potential for office use or multiple dwelling units; Two ground‑floor tenants have active leases; Each space has a separate breaker panel; tenants have individual water, gas, and electric meters
