Prime Mixed-Use Opportunity in Granger, Iowa, 1902 Main Street
Own a piece of Main Street. This turnkey commercial and residential building offers immediate cash flow with a fully equipped Mexican restaurant on the main level, all kitchen equipment, tables, and chairs included, and a 2-bedroom apartment upstairs currently generating $3,800/month on a month-to-month lease. The tenant is cooperative and open to staying, giving a new owner flexible options: operate the restaurant yourself, lease it out, or reposition the space entirely. Whether you're an investor looking for steady income or an entrepreneur ready to hit the ground running, this property delivers rare versatility in a growing Dallas County community. Opportunities like this don't come around often, and they don't last long. The list of the equipment will be on MLS shortly.
For sale
$350,000
1902 Main St, Granger, IA 50109
2beds
4,800sqft
Single Family Residence
Built in 1900
10,454 Square Feet Lot
$338,400 Zestimate®
$73/sqft
$-- HOA
What's special
- 29 days |
- 495 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Angela McKenzie (515)778-6365,
RE/MAX Concepts,
John Mauro 515-975-9594,
RE/MAX Concepts
Source: DMMLS,MLS#: 741604
Originating MLS: Des Moines Area Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric, Forced Air, Gas, See Remarks
Cooling
- Central Air
Appliances
- Included: See Remarks
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 0812203013
- Zoning: C, R
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Granger
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $267,800
- Annual tax amount: $4,600
- Date on market: 5/26/2026
- Cumulative days on market: 29 days
- Listing terms: Cash,Conventional
Estimated market value
$338,400
$321,000 - $355,000
$1,344/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $350,000+75%$73/sqft |
Source: | ||
| 5/10/2016 | Sold | $199,999$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,556 +1.7% | $267,800 +15.1% |
| 2024 | $4,482 -7.4% | $232,600 |
| 2023 | $4,842 +17.7% | $232,600 +9.6% |
| 2022 | $4,114 -2% | $212,220 +8.2% |
| 2021 | $4,200 +0% | $196,180 +23.1% |
| 2020 | $4,198 -6.7% | $159,384 |
| 2019 | $4,498 -1.4% | $159,384 |
| 2018 | $4,562 | $159,384 |
| 2017 | $4,562 -20.7% | $159,384 +19.7% |
| 2016 | $5,756 | $133,119 -5.5% |
| 2015 | $5,756 +12.7% | $140,880 +4.8% |
| 2014 | $5,106 | $134,490 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 50109
Nearby schools
GreatSchools rating
- NAWoodward-Granger Early Learning CenterGrades: PK-1Distance: 0.1 mi
- 6/10Woodward-Granger Middle SchoolGrades: 6-8Distance: 8.6 mi
- 5/10Woodward-Granger High SchoolGrades: 9-12Distance: 8.6 mi
Schools provided by the listing agent
- District: Woodward-Granger
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Dallas County
- Granger
- 50109
- 1902 Main St




