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Property profile & analytics
OFF-MARKET
Commercial real estate

1802 Highway 9 Decorah, IA 52101

5.18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.18-acre commercial lot presents a remarkable opportunity for businesses seeking high visibility and ample space. Situated on heavily trafficked Highway 9 in Decorah, Iowa, this property boasts an unparalleled location at Winneshiek County's busiest intersection. The site benefits from the established presence of major retailers such as Walmart, Casey's, Norby's, and Spahn & Rose, ensuring significant foot traffic and brand recognition. City water and sewer are readily available, simplifying the development process. The expansive acreage allows for diverse development options, including office buildings, event centers, professional facilities, or retail spaces. This prime location guarantees easy customer access and high visibility, making it an ideal investment for businesses aiming to establish a strong presence in a thriving community. The potential for growth and success is immense, making this property a truly exceptional opportunity. Don't miss out on this chance to secure a prominent location in a dynamic market. The asking price is $649,900.

Property profile
Verified
Property type Commercial real estate
Lot 5.18 ac (225,641 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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