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907 Main Street, Grinnell, IA 50112

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For Sale

$370,000

0.08 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Discover a remarkable investment opportunity located on Main Street in the heart of downtown Grinnell. This property boasts three well-established tenants: two commercial entities and one professional office. All three tenants have active leases in place. The building has been well maintained over the years. The first-floor retail and professional office spaces are tastefully decorated, featuring zero entry access to both ground-level spaces. The third commercial unit is situated upstairs, above the two street-facing commercial spaces. A brand-new rubber roof was installed in 2023. In 2004, a significant $250,000 facade restoration was completed in collaboration with the city program. Each tenant benefits from their own water, gas, and electric meters. The furnaces and AC units are relatively new, and each of the three units is equipped with breaker panels. Additionally, there is a basement beneath both 907 Main Street and 909 Main Street, featuring cement floors, currently utilized for storing seasonal supplies, extra inventory, and business records. The two buildings generate three reliable income streams, providing excellent cash flow. If you're aiming to diversify your investment portfolio, I highly recommend considering this commercial opportunity.
MLS# 724926

Courtesy Of Ramsey-Weeks Inc.

(641) 236-3141

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Floor Covering
    Carpet
  • Heating System
    Forced Air
  • Lot Size
    0.08 Acres

Map and Directions

Directions to 907 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
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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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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