Mcnalley's Food

Investment Highlights

• Established, full-service grocery store — the oldest in Grinnell — anchoring the downtown Main Street retail corridor.
• Turnkey offering combining real estate, business, and furniture, fixtures & equipment, with inventory conveyed separately at close.
• Diversified, recession-resilient revenue spread across ten merchandise departments, including a strong deli/bakery program and a licensed beer, wine, and liquor operation.
• Clear value-add path: alcohol and tobacco categories were under-merchandised by prior ownership and represent immediate upside under an active operator.
• Significant residential growth underway within one block, expanding the daily customer base for a neighborhood grocery anchor.

Property Overview

• Single-story general-retail building of 12,330 square feet on a 0.28-acre (12,375 SF) downtown parcel.
• Long-standing Main Street location with established storefront presence and parking access.
• Configured and equipped as a fully operating grocery store, enabling continuity of operations from day one.

Location & Demographics

• Positioned in the heart of downtown Grinnell, a regional retail and service hub in central Iowa along the Interstate 80 corridor.
• Minutes from Grinnell College, a steady source of student and faculty foot traffic to the downtown district.
• Serves both the immediate downtown residential population and the broader Poweshiek County trade area as a daily-needs destination.
• Walkable Main Street setting with surrounding retail, dining, and civic uses that drive consistent daytime activity.

Value-Add & Growth Opportunity

• Two adjacent multifamily developments — 53 apartment units immediately next to the store and approximately 40 units planned across the street — will add hundreds of new residents within walking distance.
• Alcohol sales (beer, wine, and liquor) were historically de-emphasized; an engaged operator can expand assortment, merchandising, and margin in an already-licensed category.
• Tobacco was recently introduced and is growing, opening an additional high-turn revenue stream.
• Operational and merchandising upside supports a credible runway toward materially higher annual revenue as the surrounding population base expands.