Brad Cole

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108 W Water StreetDecorah, IA 52101

Commercial · 5,725 Sq. ft. | 0.06 Acres
$435,000 ACTIVE

108 W Water Street Overview

Time on Site:
222 days
Visits:
257

Once-in-a-lifetime opportunity in the heart of downtown! This impressive three-story building is filled with potential and ready for your vision. The main level features excellent retail space with strong visibility, and the basement provides abundant storage for added convenience. The upper-level windows, expertly restored by David Wadsworth, showcase the property’s historic charm while enhancing its future possibilities. Rich in character and history, this building is ready for your finishing touches—an ideal canvas for your next standout project.

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108 W Water Street Facts & Features

  • Type Commercial
  • Sq. ft. 5,725
  • Price/Sq.ft. $76
  • Lot 0.06 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None
  • Gross Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Winneshiek

Tax Information

  • Tax Annual Amount: 5385
  • Tax Assessed Value: 246110
  • Tax Year: 2024

General Information

  • Parcel Number: 111642705200
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Normal Sale
  • Zoning: Commercial

Interior

Building Interior

  • Building Area Total: 5725

Exterior

Lot Information

  • Lot Size Square Feet: 2736

Building Exterior/Construction

  • Roof: Flat

108 W Water Street Neighborhood

Community

52101 (Decorah) Demographics

40
Median Age
42
Population Density (per sq. mile)
52%
College Educated
$61,789
Estimated Median Income
3,834
Estimated Total Home Owners
1,275
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

108 W Water Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

108 W Water Street Market Data

Based on the last 30 days in this zip code

$461,370
Average List Price
13
Properties Sold
44
Average Days on Market
45
Properties for Sale
Calculations provided by Reliance Network

108 W Water Street History

Date Event Value Agent
5/5/2026Source: Northeast Iowa Regional MLS Price Reduction
$435,000 -8.4%
1/8/2026Source: Northeast Iowa Regional MLS Price Reduction
$475,000 -13.6%
11/19/2025Source: Northeast Iowa Regional MLS Added to Database
November 19, 2025
Listing provided courtesy of Kelly Real Estate IncNortheast Iowa Regional MLS- MLS# 20255652MLS Provider