A&J Petersburg Real Estate and Insurance
106 College Drive, Decorah, IA 52101

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1001 & 1009 Paine Street, Decorah, IA 52101

1001 & 1009 Paine Street, Decorah, IA 52101

Property Address:
1001 & 1009 Paine Street
Decorah, IA 52101


Outside the Metro Area

Property Type:
Land-building Site

Commercial Lots

Additional Parcel:

Decorah Community Schools

Date Listed:
May 18th, 2017



Gross Taxes:

Finance Type:
Cash, Conventional

Will Sell:
Sell In Entirety

Sale/Lease Type:
Normal Sale

Docs on File:
Aerial Photo, Easement/Restrictions, Legal Description


Potential Use:
Commercial/Industrial, Office/Institutional, Other

Present Use:
Platted, Timberland

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 o LOT 2-1-6 in SE NW & Lot 1 Youmans Addn

Curbs/Sidewalks, Garden Area

Lot Description:
Buildable Site, Commercial, Corner Lot, Creek, Level, Wooded Lot

Lot Sq Footage:

Lot Dimensions:
150 X 120



Lot Improvement:
Curb & Gutters, Partially Wooded

Road Frontage:
City/Town, Hard Surface Road, Paved Road Frontage

Utilities Available:
Electricity, Natural Gas, Sewer, Underground Utilities, Water-City

Water Type:

Sewer Type:

Fuel Type:
Natural Gas

Partially Wooded, Slope To Rear

Flood Plain Class:
C/X - Not in Flood Plain

Remarks: 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??
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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