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    1802 Highway 9 Decorah, IA 52101

    For Sale
    $649,900

    5 Acres, Hwy 9, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 5.18-acre commercial lot presents a remarkable opportunity for businesses seeking high visibility and ample space. Situated on heavily trafficked Highway 9 in Decorah, Iowa, this property boasts an unparalleled location at Winneshiek County's busiest intersection. The site benefits from the established presence of major retailers such as Walmart, Casey's, Norby's, and Spahn & Rose, ensuring significant foot traffic and brand recognition. City water and sewer are readily available, simplifying the development process. The expansive acreage allows for diverse development options, including office buildings, event centers, professional facilities, or retail spaces. This prime location guarantees easy customer access and high visibility, making it an ideal investment for businesses aiming to establish a strong presence in a thriving community. The potential for growth and success is immense, making this property a truly exceptional opportunity. Don't miss out on this chance to secure a prominent location in a dynamic market. The asking price is $649,900.

    Property Features for 1802 Highway 9

    General Information

    Property type
    Other commercial real estate
    Lot Size
    225,641 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decorah
    County
    Winneshiek
    State
    Iowa
    Longitude
    -91.76315
    Latitude
    43.29058

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    FAQs

    What type of property is this?
    Commercial real estate - 5 Acres, Hwy 9, Prime Location
    Where is this commercial real estate located?
    The property is located at 1802 Highway 9 Decorah, IA.
    What is the asking price?
    The asking price for this property is $649,900.
    (563) 382-8453
    Request Owner's contact information
    1802 Highway 9 Decorah, IA 52101
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    Decorah, IA 52101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1802 Highway 9 Decorah, IA 52101
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