725 Penrose Street, Grinnell, Iowa 50112

IA, Grinnell
$500,000
  • 1.88 Acre
  • Commercial Sale Property Type
  • 1950 Year Built
  • Active Status
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.
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6337047
  • Price: $500,000
  • Year Built: 1950
  • Lot Area: 1.88 Acre
  • Status: Active
  • Office Name: RE/MAX Partners Realty, Grinnell
Features
  • Heating System Forced Air
  • Parking Gravel,Concrete,Covered,Heated Garage,Insulated Garage,Attached,Outside
  • Sewer City Sewer/Connected
  • Utilities Heating Common,Hot Water Common,Electric Common
Address Map
  • Country US
  • State IA
  • County Poweshiek
  • City Grinnell
  • Zipcode 50112
  • Street: Penrose
  • Street Number: 725
  • Street Suffix: Street
  • Longitude: W93° 17' 29.3''
  • Latitude: N41° 44' 27.3''
  • Directions: Use GPS from location.
Additional Information
  • Accessibility Features: None
  • Construction Materials: Metal Siding
  • Current Use: Commercial
  • Garage: 20
  • Lot Size Dimensions: 1.88 Acres
  • Number Of Units Total: 1
  • Possible Use: Diversified,Income,Industrial
  • Previous Price: 500000
  • Water Source: Public
Financial
  • Tax Annual Amount: 8736
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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