725 Penrose Street, Grinnell, IA 50112
Poweshiek County
Key Facts
Description
Prime Grinnell Manufacturing Facility For Sale or Lease. Zoned M-1 Light Industrial. This 10,700 SF steel-framed facility on 1.88 acres within Grinnell city limits offers heavy-duty infrastructure and significant room for expansion. The building features a load-bearing steel frame, steel/membrane roof, and full city services. The site is equipped with 240V, 3-phase, 600-amp service, organized into five sub-panel zones with enclosed wire trays and overhead conduit racks. It includes a 480V, 3-phase, 50-amp boost transformer with dedicated runs from the main panel, ideal for specialized machinery. The 9,500 SF manufacturing floor features 16' sidewalls and a 10'x24' overhead door. The shop is insulated, steel-lined, and climate-controlled with an 8.5-ton AC and 160,000 BTU heating hookup (updated 2019). The 1,500 sq. ft. office includes a reception, three private offices, a conference room, and a bathroom. This area features a new furnace and AC unit installed in 2024. Strategically located with easy access from Penrose St. and 3rd Ave, the large lot provides ample space for storage or potential subdivision. This versatile property is perfectly suited for an owner-user or industrial investor looking for a high-capacity, move-in-ready asset. NNN Lease options available. Inquire for additional leasing information. Schedule your private showing today.
Property Information
Property Type
Commercial Sale
Structure Type
Industrial
Year Built
1950
Lot Size
1.88 acres
Lot Dimensions
1.88 Acres
Garage Spaces
20
Days on Market
88
MLS® Listing#
6337047
Property Features
Heating
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
HOA
Yes
MIR
Annual Taxes
$8,736
Tax year 2024
Parcel Number
0680600
Directions
Use GPS from location.
Affordability Calculator
$95,000
Estimated monthly payment
$2,528/mo
Principal $380,000 · Est. interest $530,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Grinnell, IA
- $254,054
- Median Listing Price
- 54
- Median Days on Market
- 1,824
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 66
- Active Listings
- This home’s price is 87% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Grinnell, IA.
Location
Points of Interest in Grinnell, IA
Showing the Grinnell area map.
Nearby Schools
Fairview Elementary
Elementary · 0.6 mi away
Diamond Trail Children's Center
School · 0.7 mi away
Ucc Community Preschool
School · 0.8 mi away
Grinnell Middle School
Secondary · 0.8 mi away
Davis Elementary School
Elementary · 0.9 mi away
Bailey Park Elementary School
Elementary · 1.5 mi away
Grinnell Community Senior High School
Secondary · 1.8 mi away
Central Iowa Christian School
School · 2.1 mi away
East Marshall Middle School
Secondary · 10.3 mi away
Lynnville-Sully CSD
School · 13.0 mi away
Lynnville-Sully High School
Secondary · 13.4 mi away
BGM Community School
Secondary · 13.5 mi away
Montezuma High School
Secondary · 14.1 mi away
East Marshall Elementary School
Elementary · 14.6 mi away
Aurora Heights Elementary School
Elementary · 16.5 mi away
Berg Middle School
Secondary · 16.6 mi away
Newton Christian School
School · 16.8 mi away
South Tama County Elementary School
Elementary · 17.3 mi away
South Tama County High School
Secondary · 17.5 mi away
Emerson Hough Elementary School
Elementary · 17.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 920 High Street, Grinnell, IA | $334,900 | — | — | 3,247 |
| 920 High Street, Grinnell, IA | $334,900 | — | — | 4,522 |
| 1132 Main Street, Grinnell, IA | $349,900 | — | — | 3,858 |
| 1132 Main Street, Grinnell, IA | $349,900 | — | — | — |
| 717 & 721 4th Avenue, Grinnell, IA | $350,000 | — | — | 4,172 |
| 717 & 721 4th Avenue, Grinnell, IA | $350,000 | — | — | 4,172 |
Moving Cost Estimate
EXIT Agents in Grinnell
Listing Courtesy: RE/MAX Partners Realty, Grinnell - 6412366683
Presented by: Bennett Wiltfang