# 725 Penrose Street, Grinnell, IA 50112 > **TL;DR:** commercial, $440,000, built 1950. > 20-car garage. Est. $2,353/mo. Listed 210 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $440,000 | | Year Built | 1950 | | Lot Size | 81,893 sqft (1.88 acres) | | Garage | 20-car | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 210 | ## Why This Home Stands Out - **Large Garage** - 20-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,225 | | Estimated Insurance | $128 | | **Total** | **$2,353** | ## Key Amenities - 20-car garage ## Property Highlights - Built in 1950 - 1.88 acre lot ## Description ### Agent 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 - **Address:** 725 Penrose Street, Grinnell, IA 50112 - **County:** Poweshiek - **Coordinates:** 41.740917, -92.708524 - **Google Maps:** https://www.google.com/maps?q=41.740917,-92.708524 ## Listing Agent - **Name:** Bennett Wiltfang - **Brokerage:** RE/MAX Partners Realty, Marshalltown - **Broker Phone:** 641-519-0200 ## Photos ![725 Penrose Street - Photo 1](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f3234613073r.jpg) ![725 Penrose Street - Photo 2](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f568556602r.jpg) ![725 Penrose Street - Photo 3](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f1471480170r.jpg) ![725 Penrose Street - Photo 4](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f3254278759r.jpg) ![725 Penrose Street - Photo 5](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f1438528641r.jpg) ![725 Penrose Street - Photo 6](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f3121719881r.jpg) ![725 Penrose Street - Photo 7](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f1837758788r.jpg) ![725 Penrose Street - Photo 8](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f2029649164r.jpg) ![725 Penrose Street - Photo 9](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f2062203487r.jpg) ![725 Penrose Street - Photo 10](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f402708727r.jpg) ![725 Penrose Street - Photo 11](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f3458074056r.jpg) ![725 Penrose Street - Photo 12](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f2957894133r.jpg) ![725 Penrose Street - Photo 13](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f2256137711r.jpg) ![725 Penrose Street - Photo 14](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f3338721792r.jpg) ![725 Penrose Street - Photo 15](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f4160758691r.jpg) ![725 Penrose Street - Photo 16](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f1365228672r.jpg) ![725 Penrose Street - Photo 17](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f4226302619r.jpg) ![725 Penrose Street - Photo 18](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f3145195201r.jpg) ![725 Penrose Street - Photo 19](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f624246145r.jpg) ![725 Penrose Street - Photo 20](http://lh.rdcpix.com/1f7b052867de05f0592b3c88340c28adl-f565405351r.jpg) --- **MLS#:** 6337047 | **Updated:** 2026-11-01 **Source:** listhub *Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/725-penrose-street-grinnell-ia-50112-b326c3cef0fd449f8d0ad67decec497c) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/725-penrose-street-grinnell-ia-50112-b326c3cef0fd449f8d0ad67decec497c#listing", "url": "https://staging.propertysimple.ai/listing/725-penrose-street-grinnell-ia-50112-b326c3cef0fd449f8d0ad67decec497c", "name": "725 Penrose Street, Grinnell, IA 50112", "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. 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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. 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