122 N Main St, Elkader, IA 52043

This is a great opportunity to make an investment not only in a very well built historical building but also in a growing, thriving, and vibrant community of Elkader. This charming building is located on Main Street in downtown Elkader. There is current income from two established professional businesses on Main Street. The two decks on the back of the building overlook the beautiful Turkey River. This listing has the potential to bring in more income upstairs as retail space, AirBnb, apartment (s) or your own living quarters. A new rubber roof was added in November 2022. Combined spacious upstairs/downstairs space is nearly 5,000 square feet. This beautiful property was the first bank in Elkader in 1872 - called the First National Bank and was referred to by the local paper as a "knock the socks off" of any bank building west of the Mississippi. The bank ended up closing in 1931 due to the difficult economic climate. Shortly after this building later became a Post Office and is located in the Elkader Downtown Historic District. With Elkader being one of the 50 communities within the state of Iowa to receive the Main Street Iowa accreditation, this building would qualify for application of grants, support through loan programs and business assistance from the Clayton County Economic Development Group and other perks of being located downtown Main Street. The adorable community of Elkader has lots of tourism and a real sense of community, including downtown shops, restaurants, city pool, water sports on the Turkey River and an acclaimed Opera House. Call today for a showing. Buying agent is responsible for the exact measurements of rooms.