925 Broad Street, Grinnell, IA 50112
Poweshiek County
Key Facts
Description
One of Grinnell's most iconic downtown buildings is FOR SALE - 923, 925, 927 Broad Street. There are two commercial tenants at street level (3 doors for commercial space at street level). A fourth door for the five upstairs apartments: three 2 bedroom and two one bedroom apartments. Each tenant pays their own heat, electric and water bill. The building was part of the facade restoration in the downtown in 2016. The cornice and parapet were both re-built in the last three years. A new rolled rubber roof in 2023. The water and sewer lines were both replaced when the downtown streets were replaced approx. 20 yrs. ago. The two first floor commercial spaces were completely renovated between 2018 - 2025. The five upstairs apartments have been well cared for and have experienced many updates over the last several years. Pride of ownership is evident as you walk through both the first and second floors. The building has a strong history of occupancy. Monthly/annual income and expenses will be shared upon request. If you are looking for a long term portfolio jewel, this may be what you are looking for. Call your agent for a conversation and to schedule a walk through.
Property Information
Property Type
Commercial Sale
Year Built
1900
Living Area
10,000 sq ft
Lot Size
0.26 acres
Lot Dimensions
.26
Zoning
c
Days on Market
4
MLS® Listing#
744919
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Laundry
Lot Features
Construction
Foundation
Roof
Security
Community
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$11,885
Tax year 2026
Parcel Number
1800807000
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.
Affordability Calculator
$165,000
Estimated monthly payment
$4,391/mo
Principal $660,000 · Est. interest $920,759 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Grinnell, IA
- $254,054
- Median Listing Price
- 55
- Median Days on Market
- 1,824
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 66
- Active Listings
- This home’s price is 225% above the area median.
- Its price per sq ft is 39% below 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
Ucc Community Preschool
School · 0.0 mi away
Davis Elementary School
Elementary · 0.5 mi away
Bailey Park Elementary School
Elementary · 0.6 mi away
Fairview Elementary
Elementary · 0.8 mi away
Diamond Trail Children's Center
School · 0.8 mi away
Grinnell Community Senior High School
Secondary · 0.9 mi away
Grinnell Middle School
Secondary · 1.1 mi away
Central Iowa Christian School
School · 1.3 mi away
East Marshall Middle School
Secondary · 9.8 mi away
Lynnville-Sully CSD
School · 12.8 mi away
Lynnville-Sully High School
Secondary · 13.1 mi away
East Marshall Elementary School
Elementary · 13.9 mi away
BGM Community School
Secondary · 14.4 mi away
Montezuma High School
Secondary · 14.8 mi away
Aurora Heights Elementary School
Elementary · 15.8 mi away
Berg Middle School
Secondary · 15.8 mi away
Newton Christian School
School · 16.0 mi away
Emerson Hough Elementary School
Elementary · 16.8 mi away
Newton Senior High School
Secondary · 17.2 mi away
South Tama County Elementary School
Elementary · 17.4 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 |
|---|---|---|---|---|
| 4224 20th Street, Grinnell, IA | $775,000 | 3 | 6 | 4,504 |
| 6078 Highway T-38 Highway N, Grinnell, IA | $795,000 | 3 | 2 | 2,845 |
| 1 Lang Creek Avenue, Grinnell, IA | $802,593 | — | — | — |
| 500 Lang Creek Avenue, Grinnell, IA | $802,593 | — | — | — |
| 434 Highway 6, Grinnell, IA | $875,000 | 6 | 5 | 7,298 |
Moving Cost Estimate
EXIT Agents in Grinnell
Listing Courtesy: Ramsey Weeks Real Estate - (641) 236-3141