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Listed by NON MEMBER • NON-MEMBER
$750,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Elkader
MLS Listing ID 20252831
Year Built 1891
Annual Tax Amount $4,142
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Retail
Property Description
Welcome to the Goldfinch Suites, a rare and versatile investment opportunity located on a high-visibility corner lot in the heart of historic downtown Elkader. Just steps from the scenic Turkey River, this beautifully maintained 2 story building blends commercial space with proven short-term rental income-ideal for investors, entrepreneurs, or lifestyle buyers. The main level is currently home to a thriving coffee shop and outdoor retail store, catering to locals and visitors alike. With tow entrances and an open layout, the space could remain unified or be divided into two storefronts-ideal for boutiques, cafes, outfitters, or offices. Large windows fill the space with light and offer great visibility in accessible and welcoming downtown. Upstairs includes four fully furnished rental units, each with charm, modern amenities, and strong booking history. Guests are drawn to the cozy accommodations, proximity to downtown, and to Elkader's outdoor attractions. Whether you're managing the rentals yourself or seeking a turn-key operation, this property delivers consistent revenue potential. Located in the heart of Clayton County's Driftless District, Elkader offers river recreation, hiking, historic sites, and a strong sense of community. Easy commute to the Opera House, Keystone Bride, restaurants, and galleries-or kayak and fish along the Turkey River only 1 block away. The Goldfinch Suites is a cornerstone of Elkader's charm and a rare opportunity to own a fully operational, income-producing property in one of Iowa's most picturesque small towns. If purchases as a turnkey business, sellers are willing to train new owners on current business practices for 30 days at their expense.
Location
State IA
County Clayton
Zoning MRR3+
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Wood
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N true
Roof Type Other
Building
Lot Description Close to Shopping, Near Recreation
Sewer Public Sewer
Structure Type Brick,Frame,Stone
Others
Ownership LL Corp
Acceptable Financing NBR20252831
Listing Terms NBR20252831
Special Listing Condition Normal Sale
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