About This Home

This 0-bedroom, 0-bathroom commercial at 925 Broad Street in Grinnell, IA is listed for $825,000. Built in 1900, on a 0.26 acres lot.

Key Features

  • Built in 1900
  • 0.26 acre lot

Property Details

1900

Amenities

HardwoodA/C
Listing Description

One of Grinnell's most iconic downtown buildings is FOR SALE - 923, 925, 927 Broad Street. There are two commercial tenants at street level (3 doors for commercial space at street level). A fourth door for the five upstairs apartments: three 2 bedroom, and two one bedroom apartments.

Each tenant pays their own heat, electric and water bill. The building was part of the facade restoration in the downtown in 2016. The cornice and parapet were both re-built in the last three years. A new rolled rubber roof in 2023. The water and sewer lines were both replaced when the downtown streets were replaced approx.

20 yrs. ago. The two first floor commercial spaces were completely renovated between 2018 - 2025. The five upstairs apartments have been well cared for and have experienced many updates over the last several years. Pride of ownership is evident as you walk through both the first and second floors.

The building has a strong history of occupancy. Monthly/annual income and expenses will be shared upon request. If you are looking for a long term portfolio jewel, this may be what you are looking for. Call your agent for a conversation and to schedule a walk through.

Monthly Cost Estimate

$4,412/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241

Estimates only. Actual payments may vary.

Location

925 Broad Street

Grinnell, IA 50112

Property Details

Flooring

VinylHardwood

Construction

Brick Stone

Heating

Natural GasForced Air

Cooling

Window Unit(s)Central Air

Appliances

CooktopDryerRefrigeratorStoveWasher

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 925 Broad Street is listed at $825,000. The estimated monthly payment is $4,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.26 acre lot.

This property is listed by Kevin Kolbe.

KK

Kevin Kolbe

Agent at Ramsey-Weeks Inc.

Listed by Ramsey-Weeks Inc. · Broker phone: (641) 236-3141 · Broker website

MLS# 744919· Source: Des Moines Area Association of REALTORS®, Inc.· 112 days on PropertySimple

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

925 Broad Street, Grinnell, IA 50112

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