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Ronda Dix

ronda@rondadixrealestate.com +1(515) 975-3735

$ 825,000

Est. payment | -/mo

0.26 Acres Lot

Save

$ 825,000

Est. payment | -/mo

Save

0.26 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 744919

HOA Y/N No

Year Built 1900

Annual Tax Amount $11,885

Tax Year 2026

Lot Size 0.256 Acres

Acres 0.2557

Property 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.

Location

State IA

County Poweshiek

Area Grinnell

Zoning c

Interior

Interior Features See Remarks

Heating Forced Air, Gas, Natural Gas

Cooling Central Air, Window Unit(s)

Flooring Hardwood, Vinyl

Fireplace No

Appliance Cooktop, Dryer, Refrigerator, See Remarks, Stove, Washer

Laundry Upper Level

Exterior

Community Features Sidewalks

Roof Type Rubber,See Remarks

Private Pool No

Building

Lot Description Rectangular Lot

Foundation Block

Sewer Public Sewer

Water Public

Schools

School District Grinnellnewburg

Others

Tax ID 1800807000

Monthly Total Fees $990

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Ramsey Weeks Real Estate

Schools and Properties Nearby

925 Broad Street Grinnell, IA 50112