901 Main Street Grinnell, IA $ 300,000
901 Main Street
$ 300,000
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901 Main Street

Grinnell, IA, 50112
$ 300,000
Bedrooms-- Baths-- Sq 2,976

Monthly Estimate*

$ 2,072

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Commercial Property for sale in Grinnell, IA

for $300,000. This 2,976 square foot building was built in 1900 on a lot size of 0.0344.

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. Past 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!!

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Commercial Active

Price

$ 300,000

Property Type

Commercial

Taxes

$ 2,440

Style

Lot Size

0.0344

Year Built

1900

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

751451

List By
Bennett Wiltfang

Listing Agent

Re/Max Partners Realty

Broker

bennett@remaxcentralia.com

Email

Affordability Calculator

$2,275
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,072
Monthly Property Taxes
$203
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1519606 Elementary School
1519607 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2026$300,000 Listed Price

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901 Main Street, Grinnell, IA, 50112 is a Commercial Property for sale at $300,000 with 2,976 sqft and a lot size of 0.0344. 901 Main Street was built in 1900. The property's zip code is 50112 which is in Grinnell, IA