Mixed-Use Building with
For Sale
$825,000
925 Broad Street, Grinnell, IA 50112
CommercialSale, Grinnell, IA
Property SizeContact for details
Lot Size0.26 Acres
Days on Market81
Property Features for 925 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c
Appliances
Cooktop, Dryer, Refrigerator, Stove, Washer
Lot features
Rectangular Lot
Elementary school district
GrinnellNewburg
Middle school district
GrinnellNewburg
High school district
GrinnellNewburg
Directions
From Hwy 146 turn East at 5th Avenue. Proceed 2 blocks, turn south on Broad St. Destination 1/2 block on west side of street.
Subdivision
Grinnell
Standard status
Active
APN
1800807000
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
GRINNELL S 22 1/2' LOT 8 & N 45' LOT 9 BLOCK 7
Tax Annual Amount
11885
Legal Description
GRINNELL S 22 1/2' LOT 8 & N 45' LOT 9 BLOCK 7
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1900
Flooring type
Vinyl, Hardwood
Building materials
Brick, Stone
Roof type
Rubber
Listing Agency:
Ramsey Weeks Real Estate
(641) 236-3141
Listed By:
Kevin Kolbe
(641) 990-4995
Added: Jul 9
Changed: Sep 15
Last Checked: Sep 27 at 12:06PM
MLS# 744919
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 brick and stone mixed-use property contains two commercial tenant spaces at street level, configured across three commercial doors, plus five apartments upstairs. The residential layout includes three two-bedroom units and two one-bedroom units. Commercial areas were renovated between 2018 and 2025, while the apartments have received multiple updates over the past several years. Units feature a mix of vinyl and hardwood flooring, with forced-air natural gas heating and central air or window-unit cooling.
The building dates to 1900 and occupies 0.2557 acres. Exterior improvements include downtown facade restoration completed in 2016, reconstruction of the cornice and parapet within the last three years, and a rolled rubber roof installed in 2023. Public water and sewer serve the property, and water and sewer lines were replaced approximately 20 years ago. Tenants separately pay heat, electric, and water expenses.
The building dates to 1900 and occupies 0.2557 acres. Exterior improvements include downtown facade restoration completed in 2016, reconstruction of the cornice and parapet within the last three years, and a rolled rubber roof installed in 2023. Public water and sewer serve the property, and water and sewer lines were replaced approximately 20 years ago. Tenants separately pay heat, electric, and water expenses.
Key Highlights
- Five upstairs apartments: three 2‑bedroom units and two 1‑bedroom units
- Two street‑level commercial tenant spaces across 3 commercial doors
- Commercial spaces renovated between 2018 - 2025
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial suites combine with updated apartments in a renovated brick and stone building.
Where is this mixed-use property located?
The property is located at 925 Broad Street 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: Five upstairs apartments: three 2‑bedroom units and two 1‑bedroom units; Two street‑level commercial tenant spaces across 3 commercial doors; Commercial spaces renovated between 2018 - 2025
