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$ 300,000
Est. payment | /mo
1,498 Sqft Lot
$ 300,000
Est. payment | /mo
1,498 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 751451
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,440
Tax Year 2025
Lot Size 1,498 Sqft
Acres 0.0344
Property Description
Captivating historic downtown corner building with commercial space and two apartments located in the heart of Grinnell. Known as the Corrough Building, this fine example of turn of the century commercial design features a delicate corner "oriel" denticulated cornice stone lintels above tall windows and a striking brick elevation with stone detailing on the primary facade. The building has served many purposes over the decades and currently houses a successful restaurant on the main floor. Above are two residential units including a modern two bedroom apartment and an unfinished one or two bedroom apartment that includes the historic turret space. The property has a strong rental history with long term quality tenants and dependable occupancy. Past investment of $162,000.00 in facade grants, for the restoration of the original southeast corner entrance and new storefront windows with the reopening of previously bricked-in window spaces to bring back natural light and architectural integrity. With the second apartment completed, this property could prove to be a great long term investment in a community that has continually invested in itself. Sitting proudly on one of Grinnell's most visible and admired corners this building draws the eye of everyone who passes and offers a rare opportunity to own a functional investment with timeless character and years of ROI to come!!
Location
State IA
County Poweshiek
Area Grinnell
Zoning R
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Fireplace No
Appliance Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Exterior
Utilities Available Electricity Available
Private Pool No
Building
Lot Description Rectangular Lot
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Schools
School District Grinnellnewburg
Others
Tax ID 1800633400
Monthly Total Fees $203
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by RE/MAX Partners Realty
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Brenda Zobel-Moody