5 months on rocket

725 Penrose St, Grinnell, IA, 50112

$459,000

1.88 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #696214
Lot Size1.88 Acres
StatusActive

About 725 Penrose St

1.88 acres of commercial zoned ground for sale within the city limits of Grinnell. The property includes a 10,700 sq. ft. foot metal building (4,428 sq. ft. built in 1950), with the larger addition (6,273 sq. ft.) added in 1976. There is 1,500 sq. ft. of office space which includes a front office, 3 additional offices, a conference room, and a bathroom. Manufacturing space includes 9,500 sq. ft. with 16' sidewalls, and a 10' tall by 24' wide overhead door. The shop floor is climate controlled with an 8.5-ton AC unit, and a 160,000 BTU heating capability hookup ready - new in 2019. The office space has a new furnace/AC unit installed in 2024. The building is load-bearing steel framed with steel siding and is insulated and steel lined in the main shop area. Steel and membrane roof material. Electrical service is a 240 volt, 3 phase, 600 amp. Zoned into 5 sub-panels with each sub-panel zone served by enclosed wire trays. Overhead conduit rack for dedicated runs from the main service panel. 480 volt, 3 phase, 50 amp boost transformer with dedicated runs from the main service panel. Lots of opportunity for multiple uses or splitting the property! Easy in and out from Penrose St. and 3rd Ave. There are city services on the property. Come take a look!

Property Details

Property Features

Listing Office:

  • Office Name: Ramsey Weeks Real Estate
  • Office Phone: (641) 236-3141
  • Listing Agent: Kevin Kolbe

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 1.88 Acres

Other

Directions Information:

  • Directions: From 6th Ave. Turn south on Penrose, proceed south on 3 blocks. Destination at corner of Penrose St. & 3rd Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $459,000

Tax Information:

  • Annual Amount: $4,682
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Grinnell, IA.

Med. Sold Price

$177.5K

Med. Price/SqFt

$133

Avg. Days On Market

89

# of Sold Homes

6

725 Penrose St vs Grinnell

168 DAYS ON ROCKET

+79 Days

$459,000

+$281.5K More

KEY TAKEAWAY

This property is $281.5K more than the Median Sold Price in Grinnell, IA.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: DMAAR
  • MLS Number: #696214

Listing Office:

  • Office Name: Ramsey Weeks Real Estate
  • Office Phone: (641) 236-3141
  • Listing Agent: Kevin Kolbe

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/13/2024, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,682$235,250
2019$3,822$235,250
2018$3,758$193,670
2017$3,838$193,670

History based on county public records data.

Payment Calculator

$2,358

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,443

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-460469
7
/10
  • Davis Elementary School

  • 818 Hamilton Ave

  • 0.84 miles

  • Public District Grades 3-4

school-card-donut-460470
8
/10
  • Lynnville-Sully Elementary School

  • 12476 Highway F62 E

  • 12.70 miles

  • Public District Grades KG-5

school-card-donut-460471
9
/10
  • Brooklyn-Guernsey-Malcom Elementary School

  • 1090 Jackson St

  • 13.49 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,559. The majority of Grinnell, IA residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 725 Penrose St

What is the listing price of this property?

The listing price of 725 Penrose St property is $459,000.

What type of property is this?

The property 725 Penrose St is land located in Grinnell, Iowa, 50112.

Is this property for sale now?

Active Listing: 725 Penrose St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,682 (source: MLS/based on county public records data).

How much acreage is this property?

The property 725 Penrose St is 1.88 acres.
Rocket Homes logo

Interested in 725 Penrose St? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesIowaPoweshiek CountyGrinnell50112725 Penrose St

This home is located at 725 Penrose St in Grinnell, IA and zip code 50112. This home sits on a 1.88 acre lot. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $459,000.

While more than 1 listings in Grinnell, IA in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. In October 2024 median list price was $177,500 and the average listing age was 89 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources