Mixed-Use Building with
For Sale
$825,000
925 Broad St, Grinnell, IA 50112
Downtown property combines street-level commercial space with updated upper-floor apartments and tenant-paid heat, electric, and water.
Property Size10,000 SF
Price / SF$82.50
Days on Market69
Property Features for 925 Broad St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Units
Unit Mix
3 x 2BR, 2 x 1BR
Multifamily Units
5
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Ramsey Weeks Real Estate
(641) 990-4995
Listed By:
Kevin Kolbe (641) 236-3141
Source:
Desmoineshomesforsale
Added: Jun 23
Changed: Aug 29
Last Checked: Aug 25 at 6:05AM
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.
Built in 1900, this 10,000-square-foot downtown building at 925 Broad St includes three street-level commercial doors leased to two commercial tenants. The upper floor contains five apartments: three two-bedroom units and two one-bedroom units. Each tenant pays their own heat, electric, and water expenses.
The property has received substantial exterior and interior work. Downtown facade restoration was completed in 2016, while the cornice and parapet were rebuilt within the last three years. A rolled rubber roof was installed in 2023, and the water and sewer lines were replaced approximately 20 years ago when the downtown streets were reconstructed. Both first-floor commercial spaces were renovated between 2018 and 2025, and the apartments have received multiple updates over the last several years.
The property has received substantial exterior and interior work. Downtown facade restoration was completed in 2016, while the cornice and parapet were rebuilt within the last three years. A rolled rubber roof was installed in 2023, and the water and sewer lines were replaced approximately 20 years ago when the downtown streets were reconstructed. Both first-floor commercial spaces were renovated between 2018 and 2025, and the apartments have received multiple updates over the last several years.
Key Highlights
- 10,000‑square‑foot mixed‑use building at 925 Broad St, Grinnell, IA 50112
- Three street‑level commercial doors occupied by two commercial tenants
- Five upstairs apartments: three 2 bedroom and two one bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines street-level commercial space with updated upper-floor apartments and tenant-paid heat, electric, and water.
Where is this mixed-use property located?
The property is located at 925 Broad St Grinnell, IA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10,000‑square‑foot mixed‑use building at 925 Broad St, Grinnell, IA 50112; Three street‑level commercial doors occupied by two commercial tenants; Five upstairs apartments: three 2 bedroom and two one bedroom apartments
