Land / Building Site

1001 & 1009 Paine Street, Decorah IA 52101

$250,000

Agent Remarks

  • $ 250,000 for about 1.4 acres of land in Decorah. Owner is just completing some landscaping on the northern portion for sale and has added in 54 ft of new culvert to assist on stormwater discharge across the tract to the rear of the property where the creek is flowing. Grass seeding is the next step of the project. 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??

Overview

  • Property TypeLand-building site
  • Sub-typeCommercial Lots
  • Sale / RentFor Sale
  • Sale TypeNormal Sale
  • StatusACTIVE
  • CountyWinneshiek
  • Date ListedMay 18, 2017
  • Days on Market1093
  • Gross Taxes$192
  • Finance TypeCash, Conventional
  • Reg / IrregIrreg
  • ZoningM-1
  • Flood Plain ClassC/X - Not in Flood Plain
  • Documents on FileAerial Photo, Easement/Restrictions, Legal Description
  • Legal Desc50 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
  • MLS ID20172770

Land Details

  • Lot Dimensions150 X 120
  • Lot Size65,340 sq ft
  • Lot Acres1.5 acres
  • Lot DescriptionBuildable Site, Commercial, Corner Lot, Creek, Level, Wooded Lot
  • Lot ImprovementCurb & Gutters, Partially Wooded
  • TopographyPartially Wooded, Slope To Rear
  • Present UsePlatted, Timberland
  • Potential UseCommercial/Industrial, Office/Institutional, Other
  • AmenitiesCurbs/Sidewalks, Garden Area
  • Restrictions / EasementsSubject to Zoning
  • Road FrontageCity/Town,Hard Surface Road,Paved Road Frontage
  • Utilities AvailableElectricity, Natural Gas, Sewer, Underground Utilities, Water-City
  • Will SellSell In Entirety
  • School DistrictDecorah Community Schools