• MLS® #: 20172770
  • 1001 & 1009 Paine Street

  • Decorah, IA 52101
  • $250,000 REDUCED
  • 1.50 Acres
  • Land

NEW LOWER PRICE of $ 250,000 Lots have a wide range of possibilities on usage, 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. 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??

Essential Information

  • MLS® #20172770
  • Price$250,000
  • Acres1.50
  • TypeLand
  • Gross Tax$192
  • Sub-TypeCommercial Lots
  • StatusActive

Community Information

  • Address1001 & 1009 Paine Street
  • AreaWinneshiek
  • SubdivisionYouman's Addn
  • CityDecorah
  • StateIA
  • Zip Code52101

Amenities

  • AmenitiesCurbs/Sidewalks, Garden Area

School Information

  • ElementaryDecorah Community Schools
  • MiddleDecorah Community Schools
  • HighDecorah Community Schools

Additional Information

  • Date ListedMay 18th, 2017
  • Days on Market825
  • ZoningM-1

Provider

  • Agent: William Stoen
  • Office: Cedar Valley Iowa Realty - Decorah
Need More Info?

Dan Berregaard

(319) 269-1549
Get a Pre-Approved Mortgage

Bill Tye

319.553.3743

Property Location

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The IDX information being provided by the Northeast Iowa Regional Board of REALTORS® is exclusively for consumers' personal, non-commercial use, and it 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.

Listing information last updated on August 21st, 2019 at 2:08pm CDT.