925 Broad Street, Grinnell, IA 50112 For Sale

One of the most recognizable buildings in downtown Grinnell is now for sale - 923, 925, 927 Broad Street. This property features two commercial tenants on the street level, with three doors available for commercial use. Additionally, there is a separate entrance for the five apartments located upstairs, which include three two-bedroom units and two one-bedroom units. Each tenant is responsible for their own heating, electricity, and water bills. The building underwent a facade restoration in downtown Grinnell in 2016, and both the cornice and parapet were rebuilt within the last three years. A new rolled rubber roof was installed in 2023. The water and sewer lines were replaced approximately 20 years ago when the downtown streets were renovated. The two commercial spaces on the first floor were fully renovated between 2018 and 2025. The five upstairs apartments have been meticulously maintained and have received numerous updates over the years. The pride of ownership is apparent as you explore both the first and second floors. This building boasts a solid history of occupancy. Monthly and annual income and expense details will be provided upon request. If you are in search of a long-term investment gem, this property could be the perfect fit for you. Contact your agent to discuss further and arrange a walkthrough.