901 Main Street, Grinnell, Iowa 50112

IA, Grinnell
$295,000
  • 2,976
  • Residential Income Property Type
  • 1900 Year Built
  • Active Status
Property Description
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. Recent 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!!
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6328632
  • Price: $295,000
  • Square Footage: 2,976
  • Year Built: 1900
  • Lot Area: 0.03 Acre
  • Status: Active
  • Office Name: RE/MAX Partners Realty, Grinnell
  • Roof: Other,Flat
Features
  • Heating System Forced Air
  • Basement Full,Unfinished
  • Parking On Street
  • Architectural Style Other
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State IA
  • County Poweshiek
  • City Grinnell
  • Zipcode 50112
  • Street: Main
  • Street Number: 901
  • Street Suffix: Street
  • Longitude: W93° 16' 26.3''
  • Latitude: N41° 44' 36.2''
  • Directions: NW corner of 4th Ave and Main St.
  • Zoning: Business/Commercial
Additional Information
  • Accessibility Features: Partially Wheelchair
  • Construction Materials: Brick
  • Lot Size Dimensions: 20X75
  • Number Of Units Total: 3
  • Previous Price: 295000
  • Stories: 2
  • Virtual Tour: https://my.matterport.com/show/?m=4TP29zi WTg1
  • Water Source: Public
Financial
  • Tax Annual Amount: 2330
Map
Contact Agent


Phone:
Fax:

This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.

Similar Properties

Property