Historic Mixed-Use
For Sale
$449,000
Pending
309 E Water Street, Decorah, IA 52101
Commercial Sale, Decorah, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market31
Property Features for 309 E Water Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-3
Lot features
Close to Shopping
Directions
Take Montgomery Street off of Hwy 9. Montgomery St. turns into E Water St.
Standard status
Pending
APN
111530800200
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
L 1 & E 18' L 2 BLK 44 ORIG DECORAH
Tax Annual Amount
7772
Legal Description
L 1 & E 18' L 2 BLK 44 ORIG DECORAH
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
attached two-car garage
off-street parking
upper-level deck
abundance of storage
Building Details
Year built
1874
Flooring type
Wood
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
AJ Realty, Inc.
(563) 382-3627
Listed By:
Joseph Gavle · License #B68340000
(563) 379-6031
Added: Jul 23
Changed: Aug 19
Last Checked: Aug 22 at 7:06PM
MLS# 20263432
Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1874, this two-story mixed-use property at 309 E Water Street combines commercial space on the main floor with residential accommodations above. The first level has most recently served as retail space, while the upper floor was renovated in 2014 into a two-bedroom, two-bath residence. The property also includes wood flooring, brick and stone construction, central air, forced-air heating, and natural gas service.
Located one block from downtown Decorah, the property occupies a 0.2-acre lot and is zoned C-3. An attached two-car garage, off-street parking, upper-level deck, and substantial storage add practical utility. Public sewer and water availability are provided, with a composition roof completing the existing improvements.
Located one block from downtown Decorah, the property occupies a 0.2-acre lot and is zoned C-3. An attached two-car garage, off-street parking, upper-level deck, and substantial storage add practical utility. Public sewer and water availability are provided, with a composition roof completing the existing improvements.
Key Highlights
- Two‑story mixed‑use building constructed in 1874
- Upper level renovated in 2014 with 2 bedrooms and 2 bathrooms
- Main floor has most recently operated as retail space
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 52101, IA
13,186
Population
5,611
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
316.7 sq mi
ZIP Area
42
Density / Sq Mi
$70,046
Median Household Income
$33,090
Median Earnings
$813
Median Rent
$249,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story property combines a retail storefront with renovated residential quarters, a garage, off-street parking, and upper-level outdoor space.
Where is this mixed-use property located?
The property is located at 309 E Water Street Decorah, IA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1874; Upper level renovated in 2014 with 2 bedrooms and 2 bathrooms; Main floor has most recently operated as retail space
