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Sold for $385,000
  • $385,000

    725 Penrose St, Grinnell, IA 50112

    --beds
    --baths
    1.88Acres
    Unimproved Land
    Built in ----
    1.88 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    What's special

    Commercial zoned groundManufacturing spaceElectrical serviceOffice spaceMetal building
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kevin Kolbe (641)236-3141,

    Ramsey Weeks Real Estate

    Bought with:

    Matt Karjalahti

    RE/MAX Partners Realty

    Source: DMMLS,MLS#: 696214MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

    Facts & features

    Property

    Lot
    • Size: 1.88 Acres
    • Dimensions: 177' x 462'
    • Features: Rectangular Lot
    Details
    • Parcel number: 1800680600
    • Zoning: M-1

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Grinnell

    Financial & listing details

    • Annual tax amount: $5,492
    • Date on market: 5/29/2024
    • Cumulative days on market: 139 days
    • Listing terms: Cash,Conventional
    • Road surface type: Concrete

    Price history

    DateEventPrice
    12/6/2024Sold$385,000-16.1%
    Source: DMMLS #696214 Report a problem
    12/3/2024Pending sale$459,000
    Source: DMMLS #696214 Report a problem
    10/29/2024Listed for sale$459,000
    Source: DMMLS #696214 Report a problem
    10/18/2024Listing removed$459,000
    Source: DMMLS #696214 Report a problem
    5/29/2024Listed for sale$459,000
    Source: DMMLS #696214 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 50112

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: GrinnellNewburg

    Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.