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Shell-Condition Storefront Suites
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107 E Water St, Decorah, IA 52101

Interior buildout can be tailored to suit the needs of an incoming business.

Space Size745 SF - 2,174 SF
Days on Market21

Property Features for 107 E Water St

General Information

Standard status Active
Size 745 SF - 2,174 SF
Net Rentable 745 SF

Lease Terms

Monthly Rent $850-$2,300
Rent per SF/Year $13.69-$19.31
Flexible Term Yes

Additional Details

Available Space 745-2,174 SF

Taxes and HOA fees

Annual Taxes $6,708
Listing Agency: Kelly Real Estate Inc
Listed By: William Connor
Source: Exprealty
Added: Oct 6 Changed: Oct 23 Last Checked: Oct 24 at 9:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly Real Estate Inc

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Investment Insights

Based on property information with market context.

Two commercial suites at 107 E Water St in downtown Decorah are offered in shell condition, allowing tenants to plan interior improvements around their requirements. The front section measures 1,429 square feet, while the rear section contains 745 square feet. The spaces may also be considered for a combined lease.

The property has frontage on Water Street. The landlord prefers an initial lease term of at least three years, with longer commitments potentially providing more flexibility. Annual rent increases are targeted at approximately 2.5%, and lease terms may vary based on the suite configuration, tenant qualifications, and improvement needs.

Key Highlights

  • Front section: 1,429 square feet
  • Rear section: 745 square feet
  • Shell condition supports tenant‑specific interior buildout

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

The Perfect Edge Custom ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

704
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Decorah Floral — 906 s mechanic st, decorah, ia 52101
  • Country Garden Flowers and Gift — 113 W Water St, Decorah, IA 52101

Frequently Asked Questions

What type of property is this?
Storefront property - Interior buildout can be tailored to suit the needs of an incoming business.
Where is this storefront property located?
The property is located at 107 E Water St Decorah, IA.
What are key features of this property?
This property features: Front section: 1,429 square feet; Rear section: 745 square feet; Shell condition supports tenant‑specific interior buildout
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