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Mike Eilander

mikeeilanderrealtor@gmail.com +1(515) 988-9361

$ 300,000

Est. payment | -/mo

1,498 Sqft Lot

Save

$ 300,000

Est. payment | -/mo

Save

1,498 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 751451

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,440

Tax Year 2025

Lot Size 1,498 Sqft

Acres 0.0344

Property Description

Captivating historic downtown corner building with commercial space and two apartments located in the heart of Grinnell. Known as the Corrough Building, this fine example of turn of the century commercial design features a delicate corner "oriel" denticulated cornice stone lintels above tall windows and a striking brick elevation with stone detailing on the primary facade. The building has served many purposes over the decades and currently houses a successful restaurant on the main floor. Above are two residential units including a modern two bedroom apartment and an unfinished one or two bedroom apartment that includes the historic turret space. The property has a strong rental history with long term quality tenants and dependable occupancy. Past investment of $162,000.00 in facade grants, for the restoration of the original southeast corner entrance and new storefront windows with the reopening of previously bricked-in window spaces to bring back natural light and architectural integrity. With the second apartment completed, this property could prove to be a great long term investment in a community that has continually invested in itself. Sitting proudly on one of Grinnell's most visible and admired corners this building draws the eye of everyone who passes and offers a rare opportunity to own a functional investment with timeless character and years of ROI to come!!

Location

State IA

County Poweshiek

Area Grinnell

Zoning R

Interior

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Fireplace No

Appliance Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer

Exterior

Utilities Available Electricity Available

Private Pool No

Building

Lot Description Rectangular Lot

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

Schools

School District Grinnellnewburg

Others

Tax ID 1800633400

Monthly Total Fees $203

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX Partners Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(515) 988-9361

mikeeilanderrealtor@gmail.com

2425 N Ankeny Blvd, Ankeny, IA 50023-4722, USA

Learn More About LPT Realty

901 Main Street Grinnell, IA 50112