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Listed by William Connor • Kelly Real Estate Inc
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Est. payment | /mo
6,534 Sqft Lot
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Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20264870
Year Built 1900
Annual Tax Amount $14,056
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Office/Retail
Property Description
Commercial Space for Lease in Downtown Decorah. Prime location right off Water Street 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 $2,850 for 3000 + Square Ft of Space. $34,200 per year. 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.
Location
State IA
County Winneshiek
Zoning Commercial
Interior
Fireplace N
Exterior
View Y/N true
Others
Acceptable Financing NBR20264870
Listing Terms NBR20264870
Special Listing Condition Lease
Nearby Locations
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Brokerage License ID: T06463000