Grinnell, IA 50112,725 Penrose Street
Grinnell, IA 50112,725 Penrose Street
Grinnell, IA 50112,725 Penrose Street
Grinnell, IA 50112,725 Penrose Street
Grinnell, IA 50112,725 Penrose Street
Grinnell, IA 50112,725 Penrose Street
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$385,000

$459,000

16.1%
Est.Price: ?

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Est. payment /mo

1.88 Acres Lot


SOLD DATE : 12/06/2024

Key Details

Sold Price $385,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 696214

Sold Date 12/06/24

HOA Y/N No

Annual Tax Amount $5,492

Tax Year 2024

Lot Size 1.882 Acres

Acres 1.882

Property Description

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!

Location

State IA

County Poweshiek

Area Grinnell

Zoning M-1

Interior

Fireplace No

Exterior

Private Pool No

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Water Public

Schools

School District Grinnellnewburg

Others

Tax ID 1800680600

Monthly Total Fees $457

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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Listed by Ramsey Weeks Real Estate
Bought with RE/MAX Partners Realty
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5550 Wild Rose Lane #400, West Des Moines, IA, 50266, USA

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