Grinnell, IA 50112 725 Penrose Street

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Presented By: Ramsey Weeks Real Estate
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 696214
  • 05/29/2024
  • Request Tour
  • Request Info

Home Details

1.88 acres of commercial zoned ground for sale within the city limits of Grinnell. The property includes a 10,700 sq. ft. foot metal building (4,428 sq. ft. built in 1950), with the larger addition (6,273 sq. ft.) added in 1976. There is 1,500 sq. ft. of office space which includes a front office, 3 additional offices, a conference room, and a bathroom. Manufacturing space includes 9,500 sq. ft. with 16' sidewalls, and a 10' tall by 24' wide overhead door. The shop floor is climate controlled with an 8.5-ton AC unit, and a 160,000 BTU heating capability hookup ready - new in 2019. The office space has a new furnace/AC unit installed in 2024. The building is load-bearing steel framed with steel siding and is insulated and steel lined in the main shop area. Steel and membrane roof material. Electrical service is a 240 volt, 3 phase, 600 amp. Zoned into 5 sub-panels with each sub-panel zone served by enclosed wire trays. Overhead conduit rack for dedicated runs from the main service panel. 480 volt, 3 phase, 50 amp boost transformer with dedicated runs from the main service panel. Lots of opportunity for multiple uses or splitting the property! Easy in and out from Penrose St. and 3rd Ave. There are city services on the property. Come take a look!
Presented By: Ramsey Weeks Real Estate

Interior Features for 725 Penrose Street

Bedrooms

Total Bedrooms

Bathrooms

3/4 Baths0
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo

General for 725 Penrose Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityGrinnell
CountyPoweshiek
Days on Market
DirectionsFrom 6th Ave. Turn south on Penrose, proceed south on 3 blocks. Destination at corner of Penrose St. & 3rd Ave.
Elementary School DistrictGrinnellNewburg
Full Baths
Garage Y/NNo
High School DistrictGrinnellNewburg
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionMC NALLYS SUB LOT 1 BLOCK 1 & DAVIS ADD LOTS 17 & 18 BLOCK 2
Lot Size Square Feet81979.0
Lot Size UnitsAcres
MLS AreaGrinnell
Middle/Junior School DistrictGrinnellNewburg
MobileHomeRemainsYNNo
New ConstructionNo
PostalCityGrinnell
Private PoolNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Tax Annual Amount5492.0
Tax Year2024
TermsCash, Conventional
View Y/NNo
Waterfront Y/NNo
ZoningM-1

Exterior for 725 Penrose Street

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions177' x 462'
Lot FeaturesRectangularLot
Lot Size Acres1.882
Lot Size Area1.882
Open Parking Y/NNo
Road Surface TypeConcrete
SpaNo
Water SourcePublic

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $459,000
MLS#696214
List Date 05/29/2024
Property Type Land
Phone 641.230.0537
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