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Two-Story Mixed-Use Building
For Sale
$449,000
Pending

309 E Water Street, Decorah, IA 52101

Two-story building with retail space on the main level and a renovated 2 bed, 2 bath residence above.

Property Size2,731 SF
Days on Market100

Property Features for 309 E Water Street

General Information

Standard status Pending
Size 2,731 SF
Total Parking Spaces 2
Property subtype Pending
Zoning C-3

Taxes and HOA fees

Annual Taxes $7,772

Amenities

deck
storage
Wood
Close to Shopping
Corner Lot,City Street
0.2
2731

Building Details

Building Size 2,731 SF
Year Built 1874
Year Renovated 2014
Stories 2
Listing Agency: Skogman Realty Co.
Listed By: Jerome Edwards
Source: Pinnaclerealtyia
Added: Jul 23 Changed: Oct 26 Last Checked: Oct 30 at 12:33PM

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 Skogman Realty Co.

Rey
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Investment Insights

Based on property information with market context.

This two-story commercial and residential building was originally built in 1874 and has been thoughtfully updated. The main level has most recently operated as a retail space with flexibility for a range of business concepts. The upper level was completely renovated in 2014 and features a 2-bedroom, 2-bath living space with high-quality finishes.

The property includes an attached two-car garage, off-street parking, a spacious upper-level deck, and storage throughout the building. The upper level has most recently been operated as a short-term rental, and it may also support owner-occupancy or long-term rental use.

Located one block from downtown Decorah, this property combines historic character with practical commercial and residential functionality in a single structure.

Key Highlights

  • Two‑story commercial and residential building built in 1874, with wood flooring.
  • Main level most recently operated as a retail space with flexible layout for various business uses.
  • Upper level fully renovated in 2014, featuring a 2‑bedroom, 2‑bath living space.

Property Analytics

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Current Use

Double Windsor Clothing & Fashion Store Rendered Unique Home Decor Store Zahasky Richard D Law Firm

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.

Location Intelligence

Trade Area within ½ mile

700
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Two-story building with retail space on the main level and a renovated 2 bed, 2 bath residence above.
Where is this retail space 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 commercial and residential building built in 1874, with wood flooring.; Main level most recently operated as a retail space with flexible layout for various business uses.; Upper level fully renovated in 2014, featuring a 2‑bedroom, 2‑bath living space.
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