MLS ID #: NBR20221416
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1001 & 1009 Paine St, Decorah, IA 52101

MLS ID #:
NBR20221416
Property Address:
1001 & 1009 Paine St
Decorah, IA 52101
County:
Winneshiek
Region:
Outside the Metro Area
Property Type:
Land
Sub-Type:
Commercial
Current Use:
Platted, Timber
Land Use:
Commercial, Office/Institutional, Other
School:
Decorah Community Schools
Date Listed:
January 18th, 2023
Status:
Active
Price:
$250,000.00
Gross Taxes:
$192.00
Finance Type:
Cash, Conventional
Will Sell:
Sell In Entirety
Sale/Rent:
For Sale
Sale/Lease Type:
Normal Sale
Docs on File:
Aerial Photos, Easement/Restrictions, Legal Description
Zoning:
M-1
Restrict/Easements:
Subject to Zoning
Legal Desc:
50 X 120 of 1001 Paine St & 100 X 120 ft 1009 Paine St & .44 acres along Paine St of LOTS 2 of 2 of 16 & .07 acres & .58 acre lot of LOT 2-1-6 in SE NW & Lot 1 Youmans Addition.
Lot Sq Footage:
65,340
Lot Dimensions:
150 X 120
Reg/Irreg:
Irreg
Acres:
1.5
Lot Features:
Curbs/Sidewalks, Garden, Buildable, Commercial, Corner Lot, Creek, Level, Wooded
Lot Improvement:
Curb & Gutters, Partially Wooded
Road Frontage:
City Street, Hard Surface Road, Paved Road
Utilities Available:
Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, City Water
Water Type:
City
Sewer Type:
City Sewer
Fuel Type:
Natural Gas
Topography:
Partially Wooded, Slope To Rear
Flood Plain Class:
C/X - Not in Flood Plain
Remarks: Are you hunting for a spot in Decorah with a small creek fed by area springs and Hardwood trees for shade with 150 of Street frontage, City water and sewer connections on 1.4 m/l acres ???? YES there is such a tract yet for sale just off of Short St. with wide range of possibilities... Great spot for someone as an investor to try some higher density housing ideas out. Currently is C - 1 & M - 1 zoned. OUTDOOR Cafe / Courtyard Potential !! Flowing Creek on the rear of the lots, hardwood trees are established on the lots. Lots of curb frontage along Paine St.( ~150 ft ) Looking for a Restaurant location, maybe a seasonal location with green space ?? Starting a business with outdoor products, lawn and garden equipment ?? This could be a good fit ! Maybe a winery or micro brewery near Hwy 9 / close to Motels / close to bike trails ?? Small shed on property and contents to be removed by owner before closing. There is a very real housing shortage inside the city limits of Decorah, The city has a 5 year tax abatement for new home construction and new apartments being built, Could be up to $ 40,000 per unit or $ 400,000 of the new, extra assessed value and not taxed for 5 years from the application approval date. One use of this parcel may be as high density housing, Why not take a tour of this parcel and chat a bit with our city administrator about your dreams and ideas / How a tax abatement might apply to new construction??
Realtor/Equal Housing Lender Listing provided courtesy of Cedar Valley Iowa Realty - Decorah.
Listing Agent: William Stoen
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.

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