Courtney Davidson - Nerem & Associates Real Estate Logo
Price Reduced Listing
$440,000
( $41.12Per Sq Foot )
 $2,362 est/mo Sourced by Back At You

725 Penrose Street,Grinnell, IA 50112

Grinnell, IA 50112

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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.

Details

MLS #737943
Listing TypeFor Sale
StyleWarehouse
Sub-TypeResale
StatusActive
Year1950
Days On Site139
Listing Provided ByRE/MAX Partners Realty | Bennett Wiltfang

Features

SQ Feet10,700
ZoningC
Acreage1.38

Taxes

Tax Annual Amount8736

Area Information

StateIA
CountyPoweshiek
CityGrinnell
Zip Code50112
AreaGrinnell
Listing VS Median (in 50112)
Price:
$440,000
low | high
Med:
$222,000
99.545454545455% of Average
sqft:
10,700
low | high
Med:
2,330
100% of Average
$ / sqft:
$41
low | high
Med:
$118
100% of Average
On site:
139
low | high
Med:
202.5
68.641975308642% of Average
Sourced by Back At You

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The information is being provided by Des Moines Area Association of REALTORS®. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.

Contact

Learn More About This Property

Courtney Davidson

Courtney Davidson

Nerem and Associates

 (515) 432-5650courtneybdavidson@gmail.com
StateIA
CountyPoweshiek
CityGrinnell
Zip Code50112
AreaGrinnell
Listing VS Median (in 50112)
Price:
$440,000
low | high
Med:
$222,000
99.545454545455% of Average
sqft:
10,700
low | high
Med:
2,330
100% of Average
$ / sqft:
$41
low | high
Med:
$118
100% of Average
On site:
139
low | high
Med:
202.5
68.641975308642% of Average
Sourced by Back At You
Listing Updated: August 17, 2026 at 11:35:28 AM PDT