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Listed price in listed location currency (USD).
$500,000

0040

MLS® 6337047

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage Yes
Taxes $8,736
Days Active 9
Lot Size 
Approx. Age 1950
MLS® Number 6337047

Property Address: 725 Penrose St, Grinnell, IA, 50112-2218

Average square foot calculated using Size range provided by listing agent.

Description

Prime Grinnell Manufacturing Facility For Sale or Lease. Zoned M-1 Light Industrial. This 10, 700 SF steel-framed facility on 1.88 acres within Grinnell city limits offers heavy-duty infrastructure and significant room for expansion. The building features a load-bearing steel frame, steel/membrane roof, and full city services. The site is equipped with 240V, 3-phase, 600-amp service, organized into five sub-panel zones with enclosed wire trays and overhead conduit racks. It includes a 480V, 3-phase, 50-amp boost transformer with dedicated runs from the main panel, ideal for specialized machinery. The 9, 500 SF manufacturing floor features 16' sidewalls and a 10'x24' overhead door. The shop is insulated, steel-lined, and climate-controlled with an 8.5-ton AC and 160, 000 BTU heating hookup (updated 2019). The 1, 500 sq. ft. office includes a reception, three private offices, a conference room, and a bathroom. This area features a new furnace and AC unit installed in 2024. Strategically located with easy access from Penrose St. and 3rd Ave, the large lot provides ample space for storage or potential subdivision. This versatile property is perfectly suited for an owner-user or industrial investor looking for a high-capacity, move-in-ready asset. NNN Lease options available. Inquire for additional leasing information. Schedule your private showing today.
MLS® Number6337047
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1950
Basement
DrivewayAttached, Insulated Garage, Heated Garage, Covered, Outside, Gravel, Concrete
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$500,000List Price
  • Commute

Commute

Starting Address
Destination Address
725 Penrose St, Grinnell, IA

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