107 E Water Street, Decorah, IA

About 107 E Water Street

Commercial Space for Lease in Downtown Decorah. Prime Water Street Frontage. If your a business looking for a great location in Downtown Decorah this could be the place for you. Current Desired Rent for the space is: $2,300 for the Front Section of the building which is 1,429 square ft. $850 for the back section of the building which is 745 square ft. Lease Terms & Flexibility The landlord is willing to consider adjustments to rental terms based on the overall strength and structure of the lease, including: Lease Term & Renewal Options: Preference for an initial lease term of at least three years, with longer-term commitments potentially allowing for greater flexibility. Size & Configuration: Terms may vary depending on the size and configuration of the leased premises. Tenant Credit & Financial Strength: Tenant financial qualifications and overall creditworthiness will be considered. Tenant Improvements / Buildout: Consideration will be given to the amount of landlord-funded improvements required and the condition in which the space is delivered. Annual Rent Escalations: Targeting annual increases of approximately 2.5%. Multiple-Suite Leasing: Additional flexibility may be available for tenants leasing or combining multiple spaces. Tenant Improvement Allowance The commercial spaces are currently in shell condition, providing an opportunity to customize each suite around the specific needs of the tenant. Depending on the proposed use, lease term, tenant qualifications, size of the space, and overall economics of the lease, the landlord may consider providing a Tenant Improvement (TI) Allowance of approximately $25,000–$50,000+ per suite. The final TI allowance, scope of work, and responsibility for construction would be negotiated as part of the lease and may vary based on the tenant's requirements and lease structure.

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