Financial
Distress signals
Property profile

806 E Water St Decorah, IA 52101

FOR SALE
Other warehouses
Property ID
US25-2137708
21,216 SF 1.63 ac lot Built 1923
Last sale May 2020 · $337,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Constructed in 1996, this warehouse property provides more than 3,000 square feet of shop and/or storage space. The building layout includes three separate overhead doors, each 14 feet, with bays extending approximately 72 feet deep. Interior features include radiant heat, floor drains, a bathroom, and LED lighting that had been installed. The property is situated on the corner of E Water Street and Montgomery Street in downtown Decorah. It is zoned M-2 and configured for warehouse use such as shop and storage operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$412k
Assessed land$82k
Assessed improvement$330k
Effective rate2.89%

Value estimate

· Sep 2026
$460k
$414k – $506k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
County average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$22 – $99

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWINNESHIEK

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.0
Tailor Shop9.0
Convenience Store8.9

Location

806 E Water St Decorah, IA 52101
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1656 State Hwy 9th, Decorah, IA 52101-7569 $2,500,000 Nov 2023 15,300 SF
2348 Sweet Pkwy, Decorah, IA 52101-7886 $129,000 Jun 2023 12,000 SF
1732 Old Stage, Decorah, IA 52101-7497 $1,636,489 Apr 2023 20,000 SF
2324 Sweet Pkwy, Decorah, IA 52101-7886 $550,000 Nov 2021 16,000 SF
1600 Prosperity, Decorah, IA 52101-7892 $112,500 May 2021 10,800 SF
1668 Jordan W, Decorah, IA 52101-7687 $625,000 May 2020 12,192 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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