Historic Two-Story Mixed-Use
For Sale
$449,000
Pending
309 E Water Street, Decorah, IA 52101
Commercial Sale, Decorah, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market47
Property Features for 309 E Water Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-3
Lot features
Close to Shopping
Directions
Take Montgomery Street off of Hwy 9. Montgomery St. turns into E Water St.
Standard status
Pending
APN
111530800200
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
L 1 & E 18' L 2 BLK 44 ORIG DECORAH
Tax Annual Amount
7772
Legal Description
L 1 & E 18' L 2 BLK 44 ORIG DECORAH
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
attached two-car garage
off-street parking
upper-level deck
abundance of storage
Building Details
Year built
1874
Flooring type
Wood
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
AJ Realty, Inc.
(563) 382-3627
Listed By:
Joseph Gavle · License #B68340000
(563) 379-6031
Added: Jul 23
Changed: Sep 4
Last Checked: Sep 7 at 10:06PM
MLS# 20263432
Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1874, this two-story mixed-use property combines a commercial storefront with an updated residential level. The main floor has most recently served as retail space, while the upper floor was fully renovated in 2014 and includes a 2-bedroom, 2-bath living area. Wood flooring, brick and stone construction, forced-air heating, natural gas, central air, and a composition roof are among the property’s features.
The building sits one block from downtown Decorah on a 0.2-acre lot and carries C-3 zoning. An attached two-car garage, off-street parking, upper-level deck, and substantial storage add practical functionality. Public sewer and water availability serve the property.
The building sits one block from downtown Decorah on a 0.2-acre lot and carries C-3 zoning. An attached two-car garage, off-street parking, upper-level deck, and substantial storage add practical functionality. Public sewer and water availability serve the property.
Key Highlights
- Two‑story mixed‑use building constructed in 1874
- Upper level renovated in 2014 with a 2‑bedroom, 2‑bath living space
- Main level most recently operated as retail space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space occupies the main level, with renovated residential quarters above.
Where is this mixed-use property located?
The property is located at 309 E Water Street Decorah, IA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1874; Upper level renovated in 2014 with a 2‑bedroom, 2‑bath living space; Main level most recently operated as retail space
