309 E Water Street, Decorah, IA

About 309 E Water Street

Own a piece of Decorah's history with this stunning two-story commercial and residential building, originally built in 1874. Rich in character and thoughtfully updated, this one-of-a-kind property offers the perfect blend of historic charm and modern convenience just one block from downtown Decorah. The main level has most recently operated as a successful retail space, offering excellent visibility and flexibility for a wide variety of business ventures. Whether you're dreaming of a boutique, gallery, office, café, or another commercial concept, this versatile space is ready for your vision. The upper level was completely renovated in 2014 and features a beautifully designed 2-bedroom, 2-bath living space with high-quality finishes throughout. Most recently operated as a successful short-term rental, it also offers the perfect opportunity for owner-occupancy, long-term rental income, or a stylish downtown residence. Additional features include an attached two-car garage, off-street parking, a spacious upper-level deck ideal for relaxing or entertaining, and an abundance of storage throughout the property. Whether you're looking to invest, operate a business with living quarters above, or own an iconic piece of Decorah real estate, 309 E Water Street presents an exceptional opportunity in one of Northeast Iowa's most beloved communities. Listing agent is related to Seller.

Listing Map