$269,000
SOLD OCT 2, 2025

901 Main St Grinnell, IA 50112

-- Bed
-- Bath
2,976 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

9% Below List Price

104 Days on Market

About This Home

As of October 2025

Captivating historic downtown corner building with commercial space and two apartments located in the heart of Grinnell. Known as the Corrough Building this fine example of turn of the century commercial design features a delicate corner "oriel" denticulated cornice stone lintels above tall windows and a striking brick elevation with stone detailing on the primary facade. The building has served many purposes over the decades and currently houses a successful restaurant on the main floor. Above are two residential units including a modern two bedroom apartment and an unfinished one or two bedroom apartment that includes the historic turret space. The property has a strong rental history with long term quality tenants and dependable occupancy. Recent investment of $162,000.00 in facade grants, for the restoration of the original southeast corner entrance and new storefront windows with the reopening of previously bricked-in window spaces to bring back natural light and architectural integrity. With the second apartment completed this property could prove to be a great long term investment in a community that has continually invested in itself. Sitting proudly on one of Grinnell’s most visible and admired corners this building draws the eye of everyone who passes and offers a rare opportunity to own a functional investment with timeless character and years of ROI to come!!

Last Agent to Sell the Property

Matt Karjalahti

RE/MAX Partners Realty, Grinnell License #*** Listed on: 06/13/2025

RE/MAX Partners Realty, Grinnell

Co-Listed By

Bennett Wiltfang

RE/MAX Partners Realty, Grinnell

Last Buyer's Agent

Matt Karjalahti

RE/MAX Partners Realty, Grinnell License #*** Listed on: 06/13/2025

RE/MAX Partners Realty, Grinnell

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,354

Year Built

  • Built in 1900

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Flat Tile Roof

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 20x75
  • Forced Air Heating System

Community Details

  • Gross Income $25,200

Listing and Financial Details

  • Tenant pays for electricity, fuel, snow removal, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,354

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • Stories: 2
  • Property Type: Residential Income
  • Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer, Street Lights
  • Co List Office Mls Id: NOC28430
  • Co List Office Phone: 641-236-6683
  • Co List Office Mls Id: NOC28430
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Basement: Full, Unfinished
  • Fireplace: No

Exterior Features

  • Roof: Flat, Other
  • Construction Type: Brick

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: MIR

Lot Info

  • Lot Dimensions: 20X75
  • Lot Size Units: Acres

Rental Info

  • Tenant Pays: Electricity, Fuel, Snow Removal, Water

Tax Info

  • Tax Year: 2023

Multi Family

  • Property Net Operating Income: 19949

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Oct 1, 2025
Sold by
Ferguson Ryan and Ferguson Carrie
Bought by
Ndx Llc
Seller's Agent
Matt Karjalahti
RE/MAX Partners Realty, Grinnell
Buyer's Agent
Matt Karjalahti
RE/MAX Partners Realty, Grinnell
List Price
$295,000
Sold Price
$269,000
Premium/Discount to List
-$26,000
-8.81%
Views
1469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.85%
Original Mortgage
$215,200
Outstanding Balance
$215,200
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
$52,430
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $269,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $215,200 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 Sold $269,000 -8.8% $90 / Sq Ft
06/13/2025 06/13/25 For Sale $295,000 -- $99 / Sq Ft
Source: NoCoast MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,354 $159,450 $15,400 $144,050
2024 $2,330 $141,430 $14,000 $127,430
2023 $2,030 $141,430 $14,000 $127,430
2022 $2,158 $107,320 $11,200 $96,120
2021 $2,158 $107,320 $11,200 $96,120
2020 $2,340 $107,320 $11,200 $96,120
2019 $1,950 $107,320 $11,200 $96,120
2018 $1,984 $87,390 $9,070 $78,320
2017 $2,050 $87,390 $9,070 $78,320
2016 $2,114 $87,390 $9,070 $78,320
2015 -- $87,390 $9,070 $78,320
2014 -- $74,810 $9,070 $65,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6328632

NoCoast MLS

APN: 180-0633400