820 Commerce Dr, Decorah, IA 52101

Aspenson Real Estate
102 N Elm St, Cresco, IA 52136
Aspenson Real Estate
Office: (563) 547-3881
Email: agents@aspensonrealty.com
Website: www.aspensonrealty.com
820 Commerce Dr, Decorah, IA 52101
MLS ID #:
20161511

Property Address:
820 Commerce Dr
Decorah, IA 52101

County:
Winneshiek

Region:
Outside Area

Area:
Winneshiek

Location:
Other Location

Miles to Airport:
4

Miles to Highway:
1

Miles to Highway:
State Hwy 9

Year Built:
1978

Property Type:
Commercial

Sub-Type:
Retail

Building Description:
Free Standing, 1 Story, Basement

Date Listed:
March 21st, 2016

Status:
Active

Price:
$425,000.00

Ownership:
Individual

Possession:
Negotiable

Gross Taxes:
7177.00

Tax Year:
2014

Gross Op Income:
$262,751.00 Actual

Net Op Income:
$50,953.00 Actual

Gross Op Expense:
$211,798.00 Actual

Sale/Rent:
For Sale

Terms/Lease:
N/A

Sale/Lease Type:
Normal Sale

For Sale:
Yes

Avail at List Office:
None

Zoning:
C

Potential Use:
Other Potential Uses

Legal Desc:
BLK 2 L 6 CARLSONS 3RD ADDN (brief description taken from beacon)

Sprinkler:
Yes

Included:
Land, Building, Business, Equipment, Trade Fixtures, Furniture

Total Avail Sq Ft:
4,520 sq ft

Total Building Sq Ft:
2,360 sq ft

Office SqFt:
24 sq ft

Lot Sq Footage:
16,575

Acres:
0.3800

Frontage/Access:
City Street

Exterior:
Wood Siding

Roof Construction:
Comp Shingle

Wall Construction:
Frame

Floor Construction:
Carpeted, Concrete

Utilities Available:
Electric, Gas, Water, Sewer, Phone

Sewer Type:
City Sewer

Heating:
Forced Air, Gas

Cooling:
Central

Remarks: Located in Northeast Iowa, in the thriving community of Decorah, Iowa - the Stone Hearth Inn is a long-established restaurant and lounge. The facility was built in 1978 and offers over 4400 square feet, including the main and lower levels. The restaurant has seating on main for 100 with booths, tables and seating at the bar. Gas fireplace offers nice atmosphere for diners. Lower level is a sports bar with pool tables, TV's, dart boards, games - seats 70. This is a great area for smaller parties, receptions and family gatherings as it offers a casual seating along with a private entrance. Current owners been in the restaurant business for over 25 years. Income/expenses available to serious, qualified buyers. Sale price includes business, equipment, inventory. Food and liquor inventory to be taken at time of sale and added to the selling price. Many recent updates - including new dishwasher, compressor on walk-in freezer, vanities in restrooms, carpeting, landscaping, basement tile system and sump pump, counter height tables in dining room, remodeled upstairs bar area, ansul system, water heater, handicap access ramp and resurfaced parking lot. For pictures and info on the restaurant, visit website: www.stonehearthdecorah.com
Realtor/Equal Housing Lender Listing provided courtesy of Keller Williams Legacy Group.
Listing Agent: Barbara Smed
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Additional Photos

  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101
  • 820 Commerce Dr, Decorah, IA 52101

Property Location Map

820 Commerce Dr, Decorah, IA 52101