Grinnell, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Grinnell, Kansas Market population: 9K. Compare commercial properties across all major asset classes with...
Advertisement
12 properties found
.png)
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
.png)
⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Grinnell IA Properties: 1.5300%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Grinnell IA
Common questions from investors exploring commercial real estate in Grinnell IA.
What's the overall investment potential of Grinnell, IA, considering its demographics and economy?
+
Grinnell's median household income of $45,495, combined with a relatively low poverty rate of 12.3% and high health insurance coverage of 94.3%, suggests a stable market with a strong foundation for rental income. The city's diverse economy, led by finance, insurance, and real estate, along with a short average commute time of 11.9 minutes, further supports its investment potential.
How does the ethnic diversity and industry mix in Grinnell impact the demand for housing?
+
The ethnic diversity in Grinnell, with a majority of White and White Non-Hispanic populations, along with a significant presence of Hispanic residents, contributes to a culturally rich community that can attract a wide range of tenants. The top industries, including finance, insurance, and manufacturing, create a stable job market, which in turn drives the demand for housing, especially considering the city's high employment rate of 4,676 and low poverty rate.
What are the implications of Grinnell's commute times and transportation options for real estate investors?
+
The short average commute time of 11.9 minutes in Grinnell, primarily facilitated by driving alone, walking, or working from home, indicates a well-planned city with convenient transportation options. This, coupled with a high health insurance rate of 94.3%, suggests a population with good access to employment and healthcare, making it an attractive location for investors looking for stable, long-term tenants.
How do the poverty rate and health insurance coverage in Grinnell affect the quality of tenants and property values?
+
The 12.3% poverty rate in Grinnell, although relatively low, combined with an impressive 94.3% health insurance coverage, points to a working-class market with a significant portion of the population having access to employment and healthcare. This balance suggests that investors can expect a fairly stable tenant base, which in turn can support median property values of $124,600 and contribute to the overall desirability of the area.
What role does the mix of industries and the foreign-born rate play in assessing market demand and stability in Grinnell?
+
The diverse industry base in Grinnell, including finance, public administration, and manufacturing, provides a broad foundation for employment, which can lead to a more stable housing market. The foreign-born rate of 4.5%, although relatively low, adds to the cultural diversity and can attract businesses and residents looking for a welcoming community, thereby supporting market demand and contributing to the stability of property investments in the area.
Grinnell IA Real Estate & City Facts
Key facts and real estate information about Grinnell IA.
What are some of the best neighborhoods to live in Grinnell?
+
Some of the best neighborhoods to live in Grinnell include the downtown area, which offers a mix of historic homes and newer constructions, as well as neighborhoods like Arbor Lake and Oak Grove, which provide a more suburban feel. According to reviews on Niche.com, Grinnell is one of the best places to live in Iowa, with many young professionals and retirees calling it home.
What are some fun things to do in Grinnell?
+
Grinnell has a variety of attractions and activities to enjoy, including the Louis Sullivan Jewel Box Bank, the Jacob Krumm Nature Preserve, and the Faulconer Gallery. Visitors can also explore the historic downtown area, which features unique shops and restaurants, such as the Prairie Canary Restaurant & Bar. Additionally, the city hosts various events throughout the year, including festivals and concerts, which can be found on the Grinnell Area Chamber of Commerce website.
What is the food scene like in Grinnell?
+
Grinnell's food scene is diverse and growing, with a range of restaurants serving everything from Vietnamese and Thai cuisine at Viet Thai Deli to American comfort food at the Prairie Canary Restaurant & Bar. There are also plenty of great food trucks and cafes, such as Scooter's, which offer a variety of coffee and snack options. According to Yelp reviews, some of the top-rated restaurants in Grinnell include Maria's, Viet Thai Deli, and Prairie Canary Restaurant & Bar.
What are the pros and cons of living in Grinnell?
+
One of the pros of living in Grinnell is its small-town charm and welcoming community, with a mix of historic homes and newer constructions. The city also has a low crime rate and a strong sense of community, with many residents actively involved in local events and organizations. However, some cons of living in Grinnell include its limited job opportunities and higher cost of living compared to other cities in Iowa. Additionally, the city's rural location can make it difficult to access certain amenities and services, such as public transportation and healthcare facilities.
Is Grinnell a good place to live?
+
Overall, Grinnell is a great place to live for those who value a small-town atmosphere and a strong sense of community. The city offers a range of amenities and activities, including a vibrant downtown area, beautiful parks, and a variety of cultural events. While it may have some limitations, such as limited job opportunities and a higher cost of living, Grinnell's unique charm and welcoming residents make it an attractive option for many people. As noted on Livability.com, Grinnell is one of the best places to live in Iowa, with a high quality of life and a strong sense of community.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Grinnell IA Commercial Property: $45,495
Advertisement
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
Advertisement
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
Advertisement
⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
Advertisement