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901 Main Street, Grinnell, IA 50112

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For Sale

$295,000

2,976 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $99.13
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Captivating historic downtown corner building with commercial space and two apartments located in the heart of Grinnell. Known as the Corrough Building this fine example of turn of the century commercial design features a delicate corner "oriel" denticulated cornice stone lintels above tall windows and a striking brick elevation with stone detailing on the primary facade. The building has served many purposes over the decades and currently houses a successful restaurant on the main floor. Above are two residential units including a modern two bedroom apartment and an unfinished one or two bedroom apartment that includes the historic turret space. The property has a strong rental history with long term quality tenants and dependable occupancy. Recent investment of $162,000.00 in facade grants, for the restoration of the original southeast corner entrance and new storefront windows with the reopening of previously bricked-in window spaces to bring back natural light and architectural integrity. With the second apartment completed this property could prove to be a great long term investment in a community that has continually invested in itself. Sitting proudly on one of Grinnell s most visible and admired corners this building draws the eye of everyone who passes and offers a rare opportunity to own a functional investment with timeless character and years of ROI to come!!
MLS# 6328632

Courtesy Of RE/MAX Partners Realty, Marshalltown

(641) 236-6683

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.03 Acres

Map and Directions

Directions to 901 Main Street, Grinnell, IA 50112

Home seller CENTURY 21 Signature Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Signature Real Estate

(641) 628-9840
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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