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    OFF-MARKET
    Commercial real estate

    1802 Highway 9, Decorah, IA 52101

    5.18 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Lot 5.18 ac (225,641 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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