1004 Short St Decorah, IA 52101
This exceptional commercial land parcel in Decorah, Iowa, presents a unique investment opportunity. Located at 1004 Short St, in Winneshiek County, zip code 52101 (43.2912416, -91.7987593), this C1-zoned Highway Commercial property is ideal for various commercial developments. The site offers flexibility for developers, with options to purchase, lease, or pursue a build-to-suit arrangement. One section, Parcel A, is part of a proposed three-tenant, approximately 5,000 square foot strip center, with one remaining drive-thru space available. A second parcel, Parcel B, can accommodate a building of up to approximately 5,000 square feet. Furthermore, a proposed 1,500 square foot single-tenant building with a drive-thru is also an option. The current owner is open to selling the land if a developer has their own plans. This prime location benefits from proximity to major employers such as Luther College (640 employees), Stanley Fastening (456 employees), and Winneshiek Medical Center, ensuring a strong potential customer base. The property is well-suited for a variety of uses, including sit-down restaurants, quick-service restaurants, general commercial businesses, or office spaces. This is a rare chance to establish a thriving business in a vibrant Iowa community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.