# 309 E Water Street, Decorah, IA 52101 > **TL;DR:** commercial, $449,000, built 1874. > A/C. Est. $2,401/mo. Listed 100 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $449,000 | | Year Built | 1874 | | Lot Size | 8,712 sqft (0.20 acres) | | Property Type | Commercial (Office) | | Status | Pending | | Days on Market | 100 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,270 | | Estimated Insurance | $131 | | **Total** | **$2,401** | ## Key Amenities - A/C ## Property Highlights - Built in 1874 - 0.20 acre lot ## Description ### Agent Description 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, cafe, 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. ## Location - **Address:** 309 E Water Street, Decorah, IA 52101 - **County:** Winneshiek - **Coordinates:** 43.303987, -91.782507 - **Google Maps:** https://www.google.com/maps?q=43.303987,-91.782507 ## Listing Agent - **Name:** Joseph Gavle - **Brokerage:** A&J Petersburg Agency - **Broker Phone:** (563) 382-3627 ## Photos ![309 E Water Street - Photo 1](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f2740981640r.jpg) ![309 E Water Street - Photo 2](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1233980775r.jpg) ![309 E Water Street - Photo 3](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f2317927418r.jpg) ![309 E Water Street - Photo 4](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1913170751r.jpg) ![309 E Water Street - Photo 5](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f2280214430r.jpg) ![309 E Water Street - Photo 6](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f923920901r.jpg) ![309 E Water Street - Photo 7](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f3123676582r.jpg) ![309 E Water Street - Photo 8](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1735482149r.jpg) ![309 E Water Street - Photo 9](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f680103211r.jpg) ![309 E Water Street - Photo 10](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1233648575r.jpg) ![309 E Water Street - Photo 11](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f484008383r.jpg) ![309 E Water Street - Photo 12](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1714904306r.jpg) ![309 E Water Street - Photo 13](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f4272396739r.jpg) ![309 E Water Street - Photo 14](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f2111413550r.jpg) ![309 E Water Street - Photo 15](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1872573699r.jpg) ![309 E Water Street - Photo 16](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f3820233408r.jpg) ![309 E Water Street - Photo 17](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f3134944607r.jpg) ![309 E Water Street - Photo 18](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1932112143r.jpg) ![309 E Water Street - Photo 19](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f537901315r.jpg) ![309 E Water Street - Photo 20](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f2454050472r.jpg) ![309 E Water Street - Photo 21](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f4229790205r.jpg) ![309 E Water Street - Photo 22](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f1730497700r.jpg) ![309 E Water Street - Photo 23](http://lh.rdcpix.com/6197ac012cf90f8e0825fd2a4aeb54e6l-f3290227331r.jpg) --- **MLS#:** 20263432 | **Updated:** 2026-10-26 **Source:** listhub *Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/309-e-water-street-decorah-ia-52101-11ced0681dc247e1b988a88f039f2b99) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/309-e-water-street-decorah-ia-52101-11ced0681dc247e1b988a88f039f2b99#listing", "url": "https://www.propertysimple.ai/listing/309-e-water-street-decorah-ia-52101-11ced0681dc247e1b988a88f039f2b99", "name": "309 E Water Street, Decorah, IA 52101", "description": "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, cafe, 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. 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