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!
Property Details
Property Features
Listing Office:
Office Name: Ramsey Weeks Real Estate
Office Phone: (641) 236-3141
Listing Agent: Kevin Kolbe
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 1.88 Acres
Other
Directions Information:
Directions: From 6th Ave. Turn south on Penrose, proceed south on 3 blocks. Destination at corner of Penrose St. & 3rd Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $459,000
Tax Information:
Annual Amount: $4,682
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Davis Elementary School
818 Hamilton Ave
Distance between this listing and this school0.84 miles
Public District Grades 3-4
8
/10
Lynnville-Sully Elementary School
12476 Highway F62 E
Distance between this listing and this school12.70 miles
Public District Grades KG-5
9
/10
Brooklyn-Guernsey-Malcom Elementary School
1090 Jackson St
Distance between this listing and this school13.49 miles
Public District Grades PK-6
Nearby Schools
5
/10
Grinnell Community Middle School
132 East St S
Distance between this listing and this school0.56 miles
Public District Grades 5-8
2
/10
East Marshall Middle School
225 S Elm St
Distance between this listing and this school10.53 miles
Public District Grades 4-8
9
/10
Lynnville-Sully Middle School
12476 Highway F62 E
Distance between this listing and this school12.70 miles
Public District Grades 6-8
Nearby Schools
6
/10
Grinnell Community Senior High School
1333 Sunset St
Distance between this listing and this school1.83 miles
Public District Grades 9-12
6
/10
Lynnville-Sully High School
12476 Highway F62 E
Distance between this listing and this school12.70 miles
Public District Grades 9-12
5
/10
Brooklyn-Guernsey-Malcom Jr-Sr High School
1090 Jackson St
Distance between this listing and this school13.49 miles
The neighbors living near this home have an average income of $34,559. The most common annual income of people living in Grinnell, IA is less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 725 Penrose St
What is the listing price of this property?
The listing price of 725 Penrose St property is $459,000.
What type of property is this?
The property 725 Penrose St is land located in Grinnell, Iowa, 50112.
Is this property for sale now?
Active Listing: 725 Penrose St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $4,682 (source: MLS/based on county public records data).
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This home is located at 725 Penrose St in Grinnell, IA and zip code 50112. This home sits on a 1.88 acre lot. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $459,000.
In October 2024, from all listings sold in Grinnell, IA there were more than 1 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price. In October 2024, listings were on the market for 89 days. During the same period, the median list price in this real estate market was $177,500.
From Rocket Homes Real Estate and based on county public records data.
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