925 Broad St, Grinnell, IA 50112

Investors, looking for your Jewel in the "Jewel of the Prairie"? 925 Broad St. may be the generational buy of Grinnell's historic downtown. two solid commercial tenants occupy the street level. Five apartments are nestled on the second floor, overlooking the GAAR, the historic post office, the UCC Church, and 1/2 block from Central Park. Four of the five apartments have been completely renovated in the last six years. Commercial space all recently built out in the last five years. Major (six figure) facade restoration in the last three years. Mechanicals in apt.3 are two years old. South commercial space has new mechanicals in 2018. Rent history is strong, less than 2% vacancy over the years. Currently 100% leased. Tenants pay all utilities. Looking to build or diversify your portfolio with an outstanding commercial/multi family property in downtown Grinnell? Consider 925 Broad Street.