201 N Main St Street, Elkader, IA

$750,000

Previous Next

0.14

Acres

About 201 N Main St Street

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.

Features of 201 N Main St Street

MLS® # 20252831
Price $750,000
Acres 0.14
Year Built 1891
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 201 N Main St Street
Subdivision ELKADER
City Elkader
County Clayton
State IA
Zip Code 52043

Amenities

Utilities Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available
Parking Spaces 3
Is Waterfront No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No

Exterior

Exterior Brick,Steel
Lot Description Close to Shopping, Near Recreation
Roof Other
Construction Frame, Brick, Stone

Additional Information

Date Listed June 9th, 2025
Days on Market 15
Zoning MRR3+
Short Sale No
RE / Bank Owned No

Listing Details

AgentNon Member
OfficeNON-MEMBER

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?