901 Main St Grinnell, IA 50112
Estimated payment $1,823/month
Total Views
16,314
--
Bed
--
Bath
2,976
Sq Ft
$99
Price per Sq Ft
Highlights
- Very Popular Property
- Forced Air Heating System
- 3-minute walk to Merrill Park
About This Home
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!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,330
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
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | For Sale | $295,000 | -- | $99 / Sq Ft |
Source: NoCoast MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $158,100 | New Conventional |
Source: Public Records
About the Listing Agent
Matt Karjalahti, Broker and owner of RE/MAX Partners, got into real estate in sort of an unexpected way: He got angry.
After three poorly executed real estate transactions, a light-bulb went off. He could do better. He would do better. It was a call to action.
Matt Karjalahti is a highly respected real estate broker and the owner of RE/MAX Partners Realty, the leading brokerage in Poweshiek County. With over a decade of experience, Matt is known for his no-nonsense, results-driven
Matt's Other Listings
Source: NoCoast MLS
MLS Number: NOC6328632
APN: 180-0633400
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