1001 & 1009 Paine Street, Decorah

$250,000

0 Beds
0 Baths
1½ Acres
0 Garages

Property Description

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??

Essential Information
MLS® #20221416
Price$250,000
Acres1.50
TypeLand
Sub-TypeCommercial Lots
StatusACTIVE
Community Information
Address1001 & 1009 Paine Street
AreaWinneshiek
SubdivisionYouman's Addn
CityDecorah
StateIA
Zip Code52101
Amenities
AmenitiesCurbs/Sidewalks, Garden Area
Lot Description

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

School Information
ElementaryDecorah Community Schools
MiddleDecorah Community Schools
HighDecorah Community Schools
Additional Information
Date ListedApril 11th, 2022
Days on Market124
ZoningM-1
Listing Details
AgentWilliam Stoen
Office

Cedar Valley Iowa Realty - Decorah

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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 17th, 2022 at 4:50am CDT.