Real Estate For Sale in...

615 East Street, Grinnell, IA 50112

Commercial Property MLS# 34018742 ID: 45503250
$2,400,000 Get Rates

Commercial - Grinnell, IA
Huge investment potential! 6 apartment buildings with 43 2 bedroom units, 6 1 bedroom units, 28 garage units, 2 commercial retail/office units. 615, 627 & 631 East St, 616 & 628 High St, 1109 & 1115 West St. Very low vacancy. Average rent of about $575.00 for the 2 bedroom units, $425.00 for the one bedroom units, $50.00 for the one stall garages, Most of the units have been greatly renovated and improved. After much hard work and a lot of capital, these properties have been transformed into some of the nicest apartment rentals in Grinnell. Representing a large fraction of Grinnell's rental marketshare, and in their current condition, these remarkable properties will be able to produce generous income for many years to come. Don't miss out on the opportunity of these proven and producing income properties. Owner of this property currently has an inactive IA real estate license.

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Location Information near 615 East Street
Offered by Matthew Karjalahti at RE/MAX Partners Realty

Would you like more information regarding this property?
Please call (641) 236-6683.

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Property Features for 615 East Street
Market Status
Last Updated
August 19, 2017
Property Type
Commercial Property
Year Built
Approx. Lot Size
3.08 Acres

Building Features

  • Cooling System: Radiant Floor
  • Heating System: Radiant
  • Roof: Asphalt

Exterior Features

  • Exterior Construction: Brick Veneer
  • Garage

Interior Features

  • Floors: Carpet; Concrete; Tile

Listing Features

  • Property Type: Commercial; Commercial
  • Matthew Karjalahti
  • RE/MAX Partners Realty

Data Provided by:
Mid Iowa Regional MLS

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More information about this $2,400,000 Commercial Property at 615 East Street

This $2,400,000 Commercial Property at 615 East Street in Grinnell, IA is presented by Matthew Karjalahti. This $2,400,000 Commercial Property, located in the 50112 zip code, has the following property features: Exterior Construction, Floors, Heating System, Cooling System. This 615 East Street Commercial Property, located in Poweshiek County , is listed under MLS listing number 34018742 and has a listing price of $2,400,000. You can find more GRINNELL homes for sale here.