REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 475,000
Est. payment /mo
Price Dropped by $25K
725 Penrose Street Grinnell, IA 50112
1.88 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 737943
HOA Y/N No
Year Built 1950
Annual Tax Amount $8,736
Tax Year 2024
Lot Size 1.882 Acres
Acres 1.882
Property Sub-Type Warehouse
Property Description
Prime Grinnell Manufacturing Facility For Sale or Lease. Zoned M-1 Light Industrial. This 10,700 SF steel-framed facility on 1.88 acres within Grinnell city limits offers heavy-duty infrastructure and significant room for expansion. The building features a load-bearing steel frame, steel/membrane roof, and full city services. The site is equipped with 240V, 3-phase, 600-amp service, organized into five sub-panel zones with enclosed wire trays and overhead conduit racks. It includes a 480V, 3-phase, 50-amp boost transformer with dedicated runs from the main panel, ideal for specialized machinery. The 9,500 SF manufacturing floor features 16' sidewalls and a 10'x24' overhead door. The shop is insulated, steel-lined, and climate-controlled with an 8.5-ton AC and 160,000 BTU heating hookup (updated 2019). The 1,500 sq. ft. office includes a reception, three private offices, a conference room, and a bathroom. This area features a new furnace and AC unit installed in 2024. Strategically located with easy access from Penrose St. and 3rd Ave, the large lot provides ample space for storage or potential subdivision. This versatile property is perfectly suited for an owner-user or industrial investor looking for a high-capacity, move-in-ready asset. NNN Lease options available. Inquire for additional leasing information. Schedule your private showing today.
Location
State IA
County Poweshiek
Area Grinnell
Zoning C
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Available
Roof Type Metal
Private Pool No
Building
Foundation Poured
Sewer Public Sewer
Water Public
Schools
School District Grinnellnewburg
Others
Tax ID 1800680600
Monthly Total Fees $728
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by RE/MAX Partners Realty
NEARBY SCHOOL & BUSINESS