309 E Water St, Decorah, IA 52101
$449,000
MLS ID #: NBR20263432
ACRES: 0.2
SQ FOOTAGE: 2,731 ft2
BUILDING SQ FT: 2,731 ft2
Own a piece of Decorah's history with this stunning two-story commercial and residential building, originally built in 1874. Rich in character and thoughtfully updated, this one-of-a-kind property offers the perfect blend of historic charm and modern convenience just one block from downtown Decorah. The main level has most recently operated as a successful retail space, offering excellent visibility and flexibility for a wide variety of business ventures. Whether you're dreaming of a boutique, gallery, office, café, or another commercial concept, this versatile space is ready for your vision. The upper level was completely renovated in 2014 and features a beautifully designed 2-bedroom, 2-bath living space with high-quality finishes throughout. Most recently operated as a successful short-term rental, it also offers the perfect opportunity for owner-occupancy, long-term rental income, or a stylish downtown residence. Additional features include an attached two-car garage, off-street parking, a spacious upper-level deck ideal for relaxing or entertaining, and an abundance of storage throughout the property. Whether you're looking to invest, operate a business with living quarters above, or own an iconic piece of Decorah real estate, 309 E Water Street presents an exceptional opportunity in one of Northeast Iowa's most beloved communities. Listing agent is related to Seller.
PROPERTY FEATURES
MLS ID #:
20263432
Property Address:
309 E Water St
Decorah, IA 52101
Decorah, IA 52101
County:
Winneshiek
Location:
Neighborhood, Downtown
Miles to Highway:
1
Miles to Highway:
Hwy 9
Year Built:
1874
Property Type:
Commercial Sale
Sub-Type:
Office/Retail
Land Use:
Office, Retail, Other
Building Description:
Free Standing, Multi-Tenant, 2 Story
Date Listed:
July 23rd, 2026
Status:
Pending
Price:
$449,000.00
Ownership:
LL Corp
Possession:
Closing
Gross Taxes:
$7,772.00
Tax Year:
2024
Tax Incentives:
In City Limit
Multi-Tenant:
Yes
Tenant Responsible:
Electricity
Sale/Rent:
For Sale
For Lease:
No
Sale/Lease Type:
Normal Sale
For Sale:
Yes
Zoning:
C-3
Legal Desc:
L 1 & E 18' L 2 BLK 44 ORIG DECORAH
Off-Street Parking:
4.00
Sprinkler:
No
Total Building Sq Ft:
2,731 sq ft
Office SqFt:
1,416 sq ft
Retail SqFt:
1,416 sq ft
Lot Sq Footage:
8,733
Acres:
0.2
Lot Features:
Close to Shopping
Frontage/Access:
Corner Lot, City Street
Construction:
Brick, Stone
Roof Type:
Composition Shingle
Floor Construction:
Wood
Common Area:
No
Utilities Available:
Electricity Available, Natural Gas Available, Water Available, Sewer Available
Sewer Type:
Public Sewer
Heating:
Forced Air, Natural Gas
Cooling:
Central Air
Flood Insurance:
No
Listing provided courtesy of AJ Realty, Inc..Listing Agent: Joseph Gavle
IDX data comes from the Northeast Iowa Regional Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
