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About This Home

This 2-bedroom, 1-bathroom single family at 1902 Main Street in Granger, IA is listed for $350,000 ($73 per sqft). Built in 1900, the home offers 4,800 sqft of living space on a 0.24 acres lot.

Agent Description

Prime Mixed-Use Opportunity in Granger, Iowa, 1902 Main Street Own a piece of Main Street. This turnkey commercial and residential building offers immediate cash flow with a fully equipped Mexican restaurant on the main level, all kitchen equipment, tables, and chairs included, and a 2-bedroom apartment upstairs currently generating $3,800/month on a month-to-month lease.

The tenant is cooperative and open to staying, giving a new owner flexible options: operate the restaurant yourself, lease it out, or reposition the space entirely. Whether you're an investor looking for steady income or an entrepreneur ready to hit the ground running, this property delivers rare versatility in a growing Dallas County community. Opportunities like this don't come around often, and they don't last long. The list of the equipment will be on MLS shortly.

Key Features

  • Built in 1900
  • 0.24 acre lot
  • 2 stories

Property Details

2 stories
1 full
1900

Amenities

A/C

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

1902 Main Street

Granger, IA 50109

Property Details

Construction

Brick

Heating

Forced AirElectric (Heating)Natural Gas

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 1902 Main Street is listed at $350,000 ($73/sqft). The estimated monthly payment is $1,517 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.24 acre lot, 2 stories.

This property is listed by Angela McKenzie and can be reached at 5157786365 or angela@realadvantagepartners.com.

AM

Angela McKenzie

Agent at RE/MAX Concepts

(515) 778-6365

Listed by RE/MAX Concepts · View on Broker Site

MLS# 741604· Source: listhub· Updated 7 days ago

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1902 Main Street, Granger, IA 50109

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