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Salon & Spa Commercial Space
For Lease
$4,400/Mo

303 W Water St, Decorah, IA 52101

First-floor configuration includes open retail space, offices, a conference room, laundry, and multiple restrooms.

Space SizeContact for details
Days on Market75

Property Features for 303 W Water St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $17,078
Listing Agency: Harman Realty
Listed By: Michael Harman
Source: Exprealty
Added: Jun 9 Changed: Aug 21 Last Checked: Aug 21 at 12:17PM

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 Harman Realty

Investment Insights

Based on property information with market context.

The first floor of this 2004 building is configured for salon and day spa operations, with areas suited to hair services, facials, manicures, pedicures, and massages. The 4,400 SF layout includes a substantial open area for retail, additional offices, a conference room, one full bath, two half baths, and laundry facilities. The floor can be leased in its entirety or divided and built out according to the tenant’s requirements.

Located at 303 W Water St in Decorah’s Historic Downtown District, the property sits across from the Oneota Food Coop and Water Street Park. Off-street parking is available behind the building for 2 -3 vehicles.

Key Highlights

  • First‑floor salon and day spa configuration in a 2004 building
  • 4,400 SF first‑floor layout with open retail area, offices, and conference room
  • Includes one full bath, two half baths, and laundry facilities

Property Analytics

Current Use

Spa & wellness properties

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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

700
Businesses Nearby
Balanced
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
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Similar Off Market Nearby

  • Wildcrafted Acupuncture & Herbs 111 Winnebago St, Decorah, IA 52101
  • Brenda Harris L A C Accpnctr 309 W Broadway St, Decorah, IA 52101
  • Salú Sauna + Wellness Spa 110 Washington St Suite 9, Decorah, IA 52101
  • Decorah Wellness Center 406 Washington St, Decorah, IA 52101

Frequently Asked Questions

What type of property is this?
Spa & wellness property - First-floor configuration includes open retail space, offices, a conference room, laundry, and multiple restrooms.
Where is this spa & wellness property located?
The property is located at 303 W Water St Decorah, IA.
What is the lease rate?
The lease rate is $4,400/Mo.
What are key features of this property?
This property features: First‑floor salon and day spa configuration in a 2004 building; 4,400 SF first‑floor layout with open retail area, offices, and conference room; Includes one full bath, two half baths, and laundry facilities
More about this property
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