Property Description
Investment Opportunity – Prime Downtown Main Street Location | Grinnell, IA. Don’t miss this exceptional mixed-use investment property located in the heart of downtown Grinnell. This well-maintained building features 8 residential units and 3 commercial suites, offering a strong blend of stable residential income and high-visibility retail frontage. The residential mix includes: (2) One-bedroom units, (5) Two-bedroom units, and (1) Three-bedroom unit. Each apartment is individually sub-metered with all utilities paid by tenants, ensuring efficient operations and predictable expenses. The main level features three street-facing commercial suites, ideal for retail or office tenants. Additional income is provided by an on-site, owner-operated coin laundry conveniently located in the common area. Residents benefit from 8+ private parking spaces dedicated to the building. An Offering Memorandum is available upon request. A Letter of Intent must be submitted and accepted by the Seller prior to scheduling any property tours.
