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502 2nd Street Griswold, IA $ 175,000
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$ 175,000 Get more info
502 2nd Street
$ 175,000
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Share Save

502 2nd Street

Griswold, IA, 51535
$ 175,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,092

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Commercial Property for sale in Griswold, IA

for $175,000. This building was built in 1903 on a lot size of 0.14.

This is a well-maintained and professionally managed 5-plex multi-unit dwelling. Apartments 1, 4 and 5 are 1-bedroom/1-bathroom units. Apartments 2 and 3 are 2-bedroom/1-bathroom units. There is a common laundry room/utility room in the basement with two washers and two dryers for apartments 1 through 3 to share. Apartments 4 and 5 have washer and dryer hookups in their units. Owner provides water, sewer and trash service for tenants as well as lawn maintenance and snow removal. Tenants are responsible for electricity, gas and tv/internet service. This is an excellent investment opportunity with professional property management already in place.

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Commercial Pending

Price

$ 175,000

Property Type

Commercial

Taxes

$ 2,102

Style

Lot Size

0.14

Year Built

1903

Town/City

Griswold

County/Region

Cass

MLS | Web ID

6325234
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate
Roof Metal
Appliances Refrigerator Washer Dryer
Garage Spaces 0
Pool Features None
Construction Materials Block Frame Vinyl Siding
Year Built 1903
Tenant Pays Cable T.V. Electricity Fuel Insurance
Topography Level
Property Subtype Apartment
Tax Year 2023
Current Use Residential
Accessibility None
County Cass
Property Type Commercial Sale
Association Amenities Porch
Contingency None
Possible Use Motel/Hotel Other
Status Pending
Directions Go South from Main Street on Cass Street for one block. Turn East on 2nd Street. The property will be the second on one the South Side of the Street.
Association Name WCIR
Open Parking Spaces 0
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 6098.4
Tax Annual Amount 2102
Living Area Units Square Feet
Standard Status Pending
Legal Description LOTS 9-10 BLOCK 8 IN CITY OF GRISWOLD IOWA 51535
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Interior
Basement Partial Unfinished
Flooring Carpet Vinyl
Window Features Double Pane Windows
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Exterior
Fencing None
Parking Features On Street
Lot Features Tree Coverage - Light
Water Source Public
Lot Dimensions 50' x 120'
Lot Size Acres 0.14
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Audie Rainey

Listing Agent

Rubey Realty

Broker

712-621-1818

Contact

Affordability Calculator

$1,267
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,092
Monthly Property Taxes
$175
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/26/2025$175,000 Listed Price

Map

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502 2nd Street, Griswold, IA, 51535 is a Commercial Property for sale at $175,000 with a lot size of 0.14. 502 2nd Street was built in 1903. The property's zip code is 51535 which is in Griswold, IA

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