1026 Main St - Supermarket FOR SALE


Grinnell, IA 50112
$1,200,000 USD
913-906-8600
1026 Main St, Grinnell, IA for Sale
$1,200,000 USD
Supermarket - FOR SALE
1/7
null | Request Cap Rate

1026 Main St
Grinnell, IA 50112


HIGHLIGHTS

  • Established full-service market with a loyal customer base on downtown's Main Street
  • Licensed beer, wine & liquor — room to grow alcohol and tobacco categories
  • 53 new apartments under construction next door, ~40 more planned across the street
  • Prime downtown location anchoring Grinnell's Main Street retail corridor

OVERVIEW

McNally's Foods is a turnkey grocery store for sale in the heart of downtown Grinnell, Iowa. The real estate, the operating business, and all furniture, fixtures, and equipment are included in a single purchase, with inventory sold separately at closing — so a new owner can step in and keep running the store without interruption. A long-established, full-service market that has served the community for generations, McNally's remains a daily-needs anchor on the city's Main Street and carries a loyal, multi-generational customer base. The single-story building is 12,330 square feet on a 0.28-acre downtown lot, zoned C-3, and is fully set up and equipped to operate from day one. The store carries a full range of departments — grocery, produce, meat, dairy, frozen, and general merchandise — with a popular deli and bakery and a licensed beer, wine, and liquor section. The location is set up to grow. Two new apartment developments are underway within one block — 53 units going up right next to the store and about 40 more planned across the street — which will add hundreds of new residents within walking distance. The downtown also gets steady traffic from nearby Grinnell College. On top of that, there's clear room to grow sales in the beer, wine, liquor, and tobacco categories.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,339 SF

ZONING

-

APN/PARCEL ID

180-0665000

ASK ABOUT THIS PROPERTY

Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.