1001 & 1009 Paine Street, Decorah • $250,000

Bill Stoen - bill@cedarvalleyiowarealty.com Office: 563-382-8290
Mobile: 563-419-1398
Cedar Valley Iowa Realty
915 Short St , #169 A
Decorah, IA 52101
Property Information
MLS Number: 20221416
Address: 1001 & 1009 Paine Street, Decorah
Price: $250,000.00
Lot Size: 1.5 Acres
Elementary School: Decorah Community Schools
Middle School: Decorah Community Schools
High School: Decorah Community Schools
Gross Tax: $192.00
Virtual Tour: Click Here
Lot Dimensions: 150 X 120
Area: Winneshiek
Status: Active
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??
Lots and Land Information
Present Use: Platted,Timberland Topography: Partially Wooded,Slope To Rear
Utilities: Yes Electricity: No
Gas: No Sewer: Yes
Water: Yes    
© 2023 Cedar Valley Iowa Realty, Charles City, IA