Downtown Mixed-Use
For Sale
$825,000
925 Broad Street, Grinnell, IA 50112
CommercialSale, Grinnell, IA
Property SizeContact for details
Lot Size0.26 Acres
Days on Market43
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
Hardwood, Vinyl
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: Aug 19
Last Checked: Aug 20 at 5:06PM
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.
Located at 925 Broad Street in downtown Grinnell, this mixed-use property combines two street-level commercial spaces with five upstairs apartments. The commercial portion includes three street-facing doors and was renovated in phases from 2018 through 2025. The residential units comprise three two-bedroom apartments and two one-bedroom apartments, with updates completed over several years. Appliances include cooktops, dryers, refrigerators, stoves, and washers. Heating is provided by forced-air natural gas systems, while cooling includes window units and central air.
Constructed in 1900, the brick-and-stone building occupies 0.2557 acres and carries C zoning. The downtown facade was restored in 2016, with the cornice and parapet rebuilt within the last three years. A rolled rubber roof was installed in 2023, and the public water and sewer lines serving the building were replaced approximately 20 years ago. The property is served by public water and public sewer.
Constructed in 1900, the brick-and-stone building occupies 0.2557 acres and carries C zoning. The downtown facade was restored in 2016, with the cornice and parapet rebuilt within the last three years. A rolled rubber roof was installed in 2023, and the public water and sewer lines serving the building were replaced approximately 20 years ago. The property is served by public water and public sewer.
Key Highlights
- Five upstairs apartments: three 2‑bedroom units and two 1‑bedroom units
- Two street‑level commercial spaces with three commercial doors
- Commercial areas renovated between 2018–2025
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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 - Renovated street-level commercial areas complement five updated apartments in a historic 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 spaces with three commercial doors; Commercial areas renovated between 2018–2025
