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907 Main St 6,100 SF 100% Leased Retail Building Grinnell, IA 50112 $370,000 ($60.66/SF)
Investment Highlights
- Long term tenants.
- High traffic on primary commercial downtown block.
Executive Summary
Three long term tenants. One retail, one financial services, one radio station
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,000
|
$9.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,000
|
$9.34
|
| Taxes |
$3,300
|
$0.54
|
| Operating Expenses |
$3,840
|
$0.63
|
| Total Expenses |
$7,140
|
$1.17
|
| Net Operating Income |
$49,860
|
$8.17
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $9.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $9.34 |
| Taxes | |
|---|---|
| Annual | $3,300 |
| Annual Per SF | $0.54 |
| Operating Expenses | |
|---|---|
| Annual | $3,840 |
| Annual Per SF | $0.63 |
| Total Expenses | |
|---|---|
| Annual | $7,140 |
| Annual Per SF | $1.17 |
| Net Operating Income | |
|---|---|
| Annual | $49,860 |
| Annual Per SF | $8.17 |
Property Facts
Sale Type
Investment
Property Type
Building Size
6,100 SF
Building Class
C
Year Built/Renovated
1900/2000
Price
$370,000
Price Per SF
$60.66
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.82
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
commercial - commercial and residential
Amenities
- Signage
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 180-0788600 | Total Assessment | $197,460 |
| Land Assessment | $33,510 | Annual Taxes | $3,300 ($0.54/SF) |
| Improvements Assessment | $163,950 | Tax Year | 2025 |
Property Taxes
Parcel Number
180-0788600
Land Assessment
$33,510
Improvements Assessment
$163,950
Total Assessment
$197,460
Annual Taxes
$3,300 ($0.54/SF)
Tax Year
2025
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Photos
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Map
Presented by
ramsey-weeks
907 Main St
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