Get in Touch

Get in Touch

Michael Wardlaw

640 Cepi DriveSuite 100
Chesterfield, MO 63005
Refine Search

725 Penrose Street, Grinnell, IA 50112

$500,000
  • 725 Penrose Street, Grinnell, IA 50112 Main Photo

20 Total Photos [Click to View All]

Active
MLS#6337047
STATUS PROPERTY TYPECommercial - Investment

Property 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.

725 Penrose Street | MLS# 6337047

This commercial property located at 725 Penrose Street, Grinnell, IA 50112 is currently listed for sale with an asking price of $500,000. Search Grinnell real estate on mwardlaw.trophypa.com today.

Property Features

Property Type: Commercial - Investment
Fuel Type: Natural Gas
Garage: 20 car attached
Heating: Forced Air
Lot Size: 1.88 Acres
Taxes: $8,736
Year Built: 1950

Feature Descriptions

Current Use: Commercial
Days on Site: 10
Exterior: Metal Siding
Lot Dimensions: 1.88 Acres
Open Parking Spaces: 20
Parcel #: 0680600
Parking: Attached, Insulated Garage, Heated Garage, Covered, Outside, Gravel, Concrete
Possible Use: Diversified, Income, Industrial
Sewer: City Sewer/Connected
SQFT Building Finished: 10700
Units: 1
Utilities: Electric Common, Heating Common, Hot Water Common
Water: Public

Listed By / Shown

Listed By

Agency Name: RE/MAX Partners Realty, Grinnell
Agency Phone: 641-236-6683

Shown By

Agent Name: Michael Wardlaw
Agent Phone: (314) 914-0840
Agency Title: Trophy Properties & Auction

IDX logo

Login to My Homefinder

Pixel