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Retail Space in Strip Center
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1111 Paine Street, Decorah, IA 52101

Former restaurant suite suitable for retail, office, or another restaurant concept.

Property Size1,500 SF
Days on Market144

Property Features for 1111 Paine Street

General Information

Standard status Active
Size 1,500 SF
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Decorah Area Chamber of Commerce
Listed By: Theodore Kerndt · License #IA B38984
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 11:01PM

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 Decorah Area Chamber of Commerce

Investment Insights

Based on property information with market context.

This retail space occupies a suite within a strip mall and contains approximately 1,500 square feet. The premises were previously used as a restaurant and offer a commercial setting that can support continued restaurant use or a transition to retail or office occupancy.

The property provides a defined space for an operating business within an established multi-tenant retail format. Its prior restaurant configuration may be relevant to operators evaluating food-service, storefront, or office applications, subject to their specific requirements and approvals.

Key Highlights

  • Approximately 1,500 sq. ft. of commercial space
  • Located within a strip mall
  • Former restaurant space

Property Analytics

Current Use

Mathy Construction Co General Contractor Lighthouse Professional Counseling Foster Care Service American Red Cross Medical Clinic River City Paving General Contractor Iowa Child Care ... Daycare Center

Suggested Use

Top Pick Real Estate Agency Pharmacy HVAC Service Garden Center (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

235
Businesses Nearby

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 Retail in Midwest region

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

What type of property is this?
Retail space - Former restaurant suite suitable for retail, office, or another restaurant concept.
Where is this retail space located?
The property is located at 1111 Paine Street Decorah, IA.
What are key features of this property?
This property features: Approximately 1,500 sq. ft. of commercial space; Located within a strip mall; Former restaurant space
More about this property
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