917 Main St, Grinnell, IA 50112

Investment opportunity! A proven investment property in the heart of downtown Grinnell. One of the original buildings condomininiumized the residential second floor from the first floor commercial space, resulting in property tax reflective of the use of the various spaces. The property has been well cared for over the years. The second floor was built out in Dec. '04 and all apartments have separate utilities. The mechanical's and roof have been maintained and updated over the years. Just a reminder, all sewer and water lines were updated when the downtown street project was completed, approx. 10 years ago. An established tenant is at home on the first floor(Street Level), while the 3 apartments, all 2 bedroom with 1 or 2 bathrooms, show a history of consistent occupancy, with an occasional vacancy as the seasons change. If you're looking for an investment property to build/diversify your portfolio, call your agent today for a showing!