Land / Building Site

1001 & 1009 Paine Street, Decorah IA 52101

$250,000

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??

Overview

  • Property TypeLand-building site
  • Sub-typeCommercial Lots
  • Sale / RentFor Sale
  • Sale TypeNormal Sale
  • StatusActive
  • CountyWinneshiek
  • Date ListedMay 18, 2017
  • Days on Market559
  • 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
  • This field is for validation purposes and should be left unchanged.

Listing provided courtesy of Cedar Valley Iowa Realty - Decorah. William Stoen, listing agent.