725 Penrose StreetGrinnell, IA 50112

Description

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.

Property Information

Property type

Commercial Sale

Structure type

Industrial

Year built

1950

Lot size

1.88 acres

Lot dimensions

1.88 Acres

Garage spaces

20

Days on market

163

MLS^® Listing#

6337047

Property Features

Heating

Hot Water · Forced Air

Parking

Attached · Heated Garage · Covered · Outside · Gravel · Concrete

Construction

Metal Siding

Utilities

Electricity Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

YesAssociation: MIR

Annual taxes

$8,736Tax year 2024

Parcel number

0680600

Directions

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