937 Broad Street Grinnell, IA $ 850,000
937 Broad Street
$ 850,000
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937 Broad Street

Grinnell, IA, 50112
$ 850,000
Baths0.0 Sq 6,280

Monthly Estimate*

$ 5,303

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Studio

Multi-Family Home for sale in Grinnell, IA

for $850,000. This 6,280 square foot home was built in 1914 on a lot size of 0.05.

Take a look at this beautiful three-story historic building, located in downtown Grinnell Iowa! Locally known as The Cornerstone building, this nine-unit investment property offers a unique mix of historical charm and modern conveniences. It is conveniently located in the heart of the downtown business district, within walking distance of retail and service shops, grocery stores, parks, restaurants and entertainment options, including The Strand movie theater. Close to Grinnell College campus, making this building a great option for students and faculty staff members. The nine units are made up of a variety of efficiency, studio, one-bedroom and two-bedroom options. Two of the units have private entrances and a top floor unit has a balcony overlooking Broad Street. The laundry room and a utility/storage room are conveniently located in the lower level. Additional information is available upon request, inquire today!

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Multi-Family Active

Price

$ 850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,994

Style

Lot Size

0.05

Year Built

1914

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

6331556

Features
General
Sewer City Sewer/Connected
Heating Baseboard Hot Water Boiler
Garage Spaces 0
Construction Materials Brick
Year Built 1914
Property Subtype Apartment
Tax Year 2023
Gross Income 93249
Accessibility None
County Poweshiek
Operating Expense 32630
Property Type Residential Income
Association Amenities Laundry
Contingency None
MaintenanceExpense 9415
Status Active
Directions Interstate 80 Grinnell Exit into Grinnell turn right on 5th Ave. Building is on the corner of Broad St and 5th Ave.
Association Name MIR
Number Of Units Total 9
Lot Size Units Acres
Lot Size Square Feet 2178
Tax Annual Amount 5994
Electric Expense 8590
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Living Area Units Square Feet
Standard Status Active
Legal Description GRINNELL LOT A BLOCK 7
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Interior
Basement Partially Finished Unfinished Storage Space Owner Access
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 24X90
Lot Size Acres 0.05
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* Excluded Features
List By
Dedee Lehman

Listing Agent

All In Real Estate Inc

Broker

homes@allinrealestateinc.com

Email

Affordability Calculator

$5,802
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$500
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
Pricing History
DatePricePrice ChangeDescription
9/6/2025$850,000 Listed Price

Map


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937 Broad Street, Grinnell, IA, 50112 is a Multi-Family Home for sale at $850,000 with 6,280 sqft and a lot size of 0.05. 937 Broad Street is a studio with 0.0 baths and was built in 1914. The property's zip code is 50112 which is in Grinnell, IA