717 & 721 4th Avenue

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717 & 721 4th Avenue

Grinnell, IA 50112
Asking Price
$350K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Available for sale in the city of Grinnell Iowa
  • Commercial land asset spanning a total of 0.18 acres
  • The site is priced at 350000 dollars for purchase
  • Located at the address of 717 and 721 4th Avenue
  • Suitable for developers or investors seeking commercial grade land

What's Special

This commercial land acquisition in Grinnell, Iowa, serves as a functional site for investors or developers seeking a foothold in this established community. Spanning 0.18 acres at 717 and 721 4th Avenue, the property provides a footprint suitable for various commercial use cases depending on local development guidelines. Grinnell maintains a stable local economy rooted in its role as a regional hub for education and commerce, supported by its position within the state's central corridor. The site coordinates of 41.7435, -92.7264 place it within reach of existing municipal infrastructure and local commerce. Businesses looking to establish a specific physical presence in a Midwestern market will find this parcel provides the necessary space for project planning and site-specific construction. The size and location are well-suited for professional service firms, small-scale retail operators, or property investors aiming to diversify a portfolio with land-based holdings in a reliable suburban landscape.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.40%
Monthly Payment
$1,731.609
Annual Cash Flow
$59,220.692

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