Brad Cole

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717 & 721 4th AvenueGrinnell, IA 50112

Commercial · 4,172 Sq. ft. | 0.18 Acres
$350,000 Active

717 & 721 4th Avenue Overview

Time on Site:
70 days
Visits:
105

Investment Opportunity in the heart of downtown Grinnell - 717 4th Ave. & 721 4th Ave. These two downtown buildings are being offered as a package deal. 717 4th Ave. is a multifamily building with two apartments that are each 2 bedroom, 1 bathroom. Both apartments are occupied. 721 4th Ave. is a bar that is owner-occupied and currently operating as Rabbitt's Tavern. The bar fixtures will stay and a majority of the bar inventory is included in the sale. Bar Inventory List will be provided upon request. Call your local agent today to schedule a viewing!

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717 & 721 4th Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,172
  • Price/Sq.ft. $84
  • Lot 0.18 Acres

Details

General

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1900

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Poweshiek
  • Postal City: Grinnell

Tax Information

  • Tax Annual Amount: 2882
  • Tax Year: 2024

General Information

  • Parcel Number: 0692900
  • Possible Use: Income,Lounge/Bar
  • Property Type: Commercial Sale
  • Zoning: Business/Commercial,Resi

Interior

Parking Information

  • Garage Spaces: 0

Building Interior

  • Building Area Total: 4172

General Information

  • Accessibility Features: None
  • Heating: Forced Air,Baseboard
  • Living Area Units: Square Feet

Exterior

Parking Information

  • Open Parking Spaces: 4
  • Parking Features: Outside

Lot Information

  • Lot Size Acres: 0.18
  • Lot Size Dimensions: 25 x 100 & 50 x 100
  • Lot Size Square Feet: 7840.8
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Mixed Use
  • Construction Materials: Brick,Vinyl Siding,Wood Siding

General Information

  • Number Of Units Total: 3
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate,Heating Separate,Hot Water Separate

717 & 721 4th Avenue Neighborhood

Community

50112 (Grinnell) Demographics

41
Median Age
64
Population Density (per sq. mile)
45%
College Educated
$54,349
Estimated Median Income
2,996
Estimated Total Home Owners
1,842
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

717 & 721 4th Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

717 & 721 4th Avenue Market Data

Based on the last 30 days in this zip code

$253,949
Average List Price
$139
Average Price per Square Foot
10
Properties Sold
81
Average Days on Market
84
Properties for Sale
Calculations provided by Reliance Network

717 & 721 4th Avenue History

Date Event Value Agent
4/24/2026Source: Des Moines Area Added to Database
April 24, 2026
Listing provided courtesy of RE/MAX Partners Realty, GrinnellNoCoast MLS- MLS# 6337423MLS Provider