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$500,000
12 Days On Site

725 Penrose Street
Grinnell, IA 50112

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1950
Built
County:
Poweshiek
725 Penrose Street725 Penrose Street725 Penrose Street725 Penrose Street
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Monthly Payment (Est.)

$2,281
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$500,000
Days On Site 
12 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.88 Acres
Year Built 
1950
MLS® Number 
6337047
Status 
Active
Property Tax 
$8,736
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
1.88
Additional Property Use 
Commercial
Attached Garage 
Yes
Cross Street 
3rd Avenue
Garage 
Yes
Garage Spaces 
20
Parking 
AttachedHeated GarageCoveredOutsideGravelConcrete
Parking Spaces 
20
Sewer 
Public Sewer
Utilities 
Electricity Connected
Water Source 
Public
Interior Features
Heating 
Hot WaterForced Air
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Exterior Features
Construction Details 
Metal Siding
Listing courtesy of RE/MAX Partners Realty, Grinnell



Listing information is provided by Participants of the Iowa Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Iowa Association of REALTORS MLS.
Data last updated at: 2026-04-20 06:05 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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