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Property profile & analytics
OFF-MARKET Estimated value $11,540,000
Retail space

1798 Old Stage Rd Decorah, IA 52101-7497

184,391 SF 25.03 ac lot Built 2002
Entity Owned Free & Clear
Property ID
US25-1713016
Property summary
AI-generated overview

This exceptional 1.15-acre commercial land parcel presents a unique investment opportunity in Decorah, Iowa. Situated in the C-1 Highway Commercial District, this property benefits from its high-traffic location, ideal for a variety of commercial ventures. The site is strategically positioned near Luther College, a significant institution bringing consistent foot traffic and a substantial student population. Furthermore, its proximity to WinnMed Medical Center adds to its appeal, attracting a diverse clientele. The property's location within Decorah, the county seat of Winneshiek County, ensures access to a robust local economy and established infrastructure. This 1.15-acre lot offers significant potential for developers and investors seeking a prime location in a thriving community. The C-1 zoning allows for a wide range of commercial uses, making it a versatile and attractive investment. The high visibility and accessibility of this property make it an excellent choice for businesses seeking to establish a strong presence in the Decorah area. This is a rare opportunity to acquire a well-located commercial lot in a desirable and growing community. The property's size and zoning provide ample flexibility for various development plans.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Total area 184,391 SF
Lot 25.03 ac (1,090,307 SF)
APN 112332800100
UPID US25-1713016
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
Current use
Occupant on record · Public records
  • Jakes Fireworks Discount Store Party Supply Store
  • Walmart Baby & Nursery Services Social Service Agency Community Center
  • Walmart Business Center (Bike/Boat/Book/etc) Store
  • Primo Water Refill & Exchange Big Box & Wholesale Store
  • Walmart Money Center Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.47M
Blend (final) Blend
$11.54M
Owner & transaction history
WALMART STORES, INC
WALMART STORES, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $12.5M +16.1%
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