Commercial Sale For Sale

0.62 Acre - 1014 3rd Avenue, Grinnell, Iowa 50112

QR Code
Property Description

The Peppertree at The Depot Crossing is a turnkey restaurant located southeast of Grinnell’s downtown square in the Grinnell Passenger Station building, the former Chicago, Rock Island and Pacific Railroad train station listed on the National Registry of Historic Places. Central Park, Hotel Grinnell, Grinnell College and other attractions are all nearby. The restaurant is a natural draw for nearby trafficrnrnThe beautiful restaurant underwent a nearly $3 million renovation and is loaded with character and history with trains still running by daily. The breathtaking dining room offers plenty of windows for natural light, brick walls and wood ceilings with the original look of the train depot from 1900. The bar / lounge area has reclaimed wood from the old train station and walks-out to the open patio for outdoor dining. Downstairs is additional space for banquets, receptions and corporate events.The turnkey restaurant is fully equipped, fully operational, very clean and ready to open for the next owner. rnrnThe restaurant operated under the current owner for 10 years seeing excellent revenues its entire existence. The restaurant closed due to the owners planned retirement and the Grinnell community is awaiting the new owner!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $675,000
Property Sub Type : Retail
Status : Active
Days On Market : 10
Year Built : 1900
Lot Area : 0.62 Acre
Heating System : Forced air, Gas, Natural Gas
Cooling System : Central Air
Security : Smoke Detector(s), Security System, Fire Alarm
Interior Features : Wetbar
Water/Sewer : Public Sewer
Roof Deck : Asphalt, Shingle
Zoning : COM
Lease Price : $675,000
Appliances : Dryer,dishwasher,microwave,refrigerator,stove,washer
AssociationAmenities : Businesscenter,clubhouse,elevators,fitnesscenter,pool
AssociationFeeIncludes : Snow Removal
ParkingFeatures : Assigned,onespace
WaterfrontFeatures : Oceanaccess,oceanfront
WindowFeatures : Blinds,windowtreatments
CommunityFeatures : Gated
LotSizeArea : 0.62 Sqft
MLSAreaMajor : Grinnell
Utilities : Electricityavailable
BuildingAreaTotal : 6,506 Sqft
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 637401
List Office MLSID : CDO
List Office Name : Coldwell Banker Mid America
List Agent Email :
List Agent Full Name : Matthew Shaw
List Agent MLSID : 20960
Street Number : 1014
Street Suffix : Avenue
Street : 3rd
Country : US
State : IA
County : Poweshiek
City : Grinnell
Zipcode : 50112
Longitude : W93° 16' 41.3''
Latitude : N41° 44' 29.4''
Parcel Number : 1803001900
Directions : S of HWY 6 to 3rd then E
Commercial Sale For Sale
  • Listing ID : 637401
  • Lot Area : 0.62 Acre
  • Visits : 42 in 36 days
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent


Use the form below to compare favorites.

Español »