1001 & 1009 Paine St, Decorah, IA 52101
MLS ID #:
20172770
Property Address:
1001 & 1009 Paine St
Decorah, IA 52101
Decorah, IA 52101
County:
Winneshiek
Region:
Outside the Metro Area
Property Type:
Land-building Site
Sub-Type:
Commercial Lots
Additional Parcel:
Yes
School:
Decorah Community Schools
Date Listed:
December 28th, 2020
Status:
Active
Price:
$250,000.00
Gross Taxes:
$192.00
Finance Type:
Cash, Conventional
Will Sell:
Sell In Entirety
Sale/Rent:
For Sale
Sale/Lease Type:
Normal Sale
Docs on File:
Aerial Photo, Easement/Restrictions, Legal Description
Zoning:
M-1
Potential Use:
Commercial/Industrial, Office/Institutional, Other
Present Use:
Platted, Timberland
Restrict/Easements:
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
Amenities:
Curbs/Sidewalks, Garden Area
Lot Description:
Buildable Site, Commercial, Corner Lot, Creek, Level, Wooded Lot
Lot Sq Footage:
65,340
Lot Dimensions:
150 X 120
Reg/Irreg:
Irreg
Acres:
1.5
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:
City
Sewer Type:
City
Fuel Type:
Natural Gas
Topography:
Partially Wooded, Slope To Rear
Flood Plain Class:
C/X - Not in Flood Plain
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??
Listing provided courtesy of Cedar Valley Iowa Realty - Decorah.Listing Agent: William Stoen
IDX data comes from the Northeast Iowa Regional Board of Realtors®. 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.