809 5th Avenue, Grinnell, IA 50112

$265,000 Asking Price

1 bed
1 bath
4,200  sqft
Built in 1910

Outstanding investment opportunity within the same block as the college's new downtown residence hall (Renfrow Hall) and the yet to be built apartment complex on Main Street adjacent to McNally’s Food. Two income streams: the street front portion is commercially rented as office space featuring 7 private offices, a handicap accessible bathroom, waiting area and a reception area. The back space is a one-bedroom apartment with off street parking at the entrance to the apartment. Both spaces were built new in 2018. The front commercial space includes forced air heat and central air conditioning. The back apartment is heated and cooled with a mini split system. The rubber roof was replaced new in 2023. Both spaces are leased through fall of 2024.


Features & Amenities

Interior

General:
Dining Area
Appliances:
Dryer,Refrigerator,Stove,Washer
Basement:
Unfinished
Flooring:
Carpet
A/C:
true, Central Air
Heating:
true, Forced Air,Gas,Natural Gas

Exterior

Style:
Ranch

Construction

Roofing:
Rubber,See Remarks
General:
Brick, Block

Location

Road/Access:
Concrete
Originating MLS:
DMAAR
School District:
GrinnellNewburg
County:
Poweshiek

Lot

Zoning:
RES, GRINNELL LOT B BLOCK 6, 1800786800

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
DMAAR
Buyers Agent Compensation:
2.5000

This listing courtesy of:
Ramsey Weeks Real Estate, Kevin Kolbe

About Grinnell, IA

Housing

Number of Units
5,166
Median Home Value
$165,065
Median Rent
$617

36.66% of housing units are renter occupied.

7.85% are vacant.

Commute

Car
73.49%
Public Transportation
0.21%
Walk to Work
16.18%
Work from Home
7.44%
Other
0.98%

The median travel time to work is 16 minutes.

People

Population
11,815
Median Age
38.80
Median Household Size
2.34

Education

High School
33.65%
Associate’s Degree
9.24%
Bachelor’s Degree
16.89%
Graduate Degree
20.03%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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