216 W Water Street, Decorah, IA 52101

Located in the heart of downtown Decorah, 216 W. Water offers a rare combination of location, flexibility, and charm across multiple levels. The true showstopper is the top-floor loft apartment—an urban retreat featuring hardwood floors, custom-built bookcases, beautiful cabinetry, and a large deck made of Brazilian Walnut (Ipe) with stunning views of the Decorah bluffs. On the main level, an open commercial space is currently leased and includes a rear office with its own kitchenette and bathroom—perfect for professional or creative use. Two additional lower levels offer incredible versatility, with internal stair access from both the main and upper floors. The lower level also includes a bathroom and laundry facilities, making it ideal for expansion, storage, or multi-use functionality. At the very bottom, a 572 sq ft walk-out space opens to the back parking lot and invites even more potential. With two dedicated parking spaces and an unbeatable downtown location, this property is full of opportunity and offers endless possibilities—don’t miss your chance! Call today!