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Listed by Bennett Wiltfang RE/MAX Partners Realty, Grinnell
$ 475,000
Est. payment /mo
Active
725 Penrose ST Grinnell, IA 50112
1.88 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID NOC6337047
Year Built 1950
Annual Tax Amount $8,736
Tax Year 2024
Lot Size 1.880 Acres
Acres 1.88
Lot Dimensions 1.88 Acres
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
Direction Use GPS from location.
Interior
Heating Forced Air
Exterior
Parking Features Attached, Insulated Garage, Heated Garage, Covered, Outside, Gravel, Concrete
Garage Spaces 20.0
Utilities Available Electric Common, Heating Common, Hot Water Common
View Y/N true
Accessibility None
Total Parking Spaces 20
Building
Sewer City Sewer/Connected
Water Public
Structure Type Metal Siding
Schools
School District 2709 - Grinnell-Newburg
Others
Energy Description Natural Gas
Acceptable Financing NOC6337047
Listing Terms NOC6337047
NEARBY SCHOOL & BUSINESS