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Historic Storefront with Apartment
For Sale
Contact for pricing
Pending

121 W Water, Decorah, IA 52101

Two-level downtown building combines open retail space with upper-floor storage and residential accommodations.

Property SizeContact for details
Days on Market141

Property Features for 121 W Water

General Information

Standard status Pending
Property subtype Retail

Building Details

Year Built 1856
Stories 2
Listing Agency: A & J Petersburg Agency
Listed By: Alan Ellickson · License #IA S40601000
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 1:12AM

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 A & J Petersburg Agency

Investment Insights

Based on property information with market context.

This historic storefront building dates to 1856 and offers a flexible two-level configuration. The main floor is arranged as an open retail area with a bathroom and a small office. A tin ceiling remains above the suspended ceiling, adding a preserved architectural detail to the commercial space.

The upper level includes unfinished storage along with an apartment that was last rented in the 1980s. A 30-year membrane roof was installed in July 2020. The property is positioned on W Water Street in central downtown Decorah.

Key Highlights

  • 1856 construction date
  • Open main‑floor retail area with bathroom and small office
  • Upper level includes unfinished storage and an apartment

Property Analytics

Current Use

Corner Bar Bar & Pub Mc Cabe & Hunter Bar & Pub

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center

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

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Storefront property - Two-level downtown building combines open retail space with upper-floor storage and residential accommodations.
Where is this storefront property located?
The property is located at 121 W Water Decorah, IA.
What are key features of this property?
This property features: 1856 construction date; Open main‑floor retail area with bathroom and small office; Upper level includes unfinished storage and an apartment
More about this property
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