202 E Water St, Decorah, IA 52101 Property Records

Winneshiek County property record for 202 E Water St, Decorah, IA 52101

Property Summary

Property Type	Bank, Financial Building
Details	19,016 sqft · built 2004
Lot Size	0.581 acres (25,308 sqft)
Owner	Company Name on Record
Tax Bill	$176,144 (2026)
Deeds & Mortgages	Aug 2018 Mortgage Sep 2017 Mortgage + 3 more
Flood Zone	Zone X (minimal risk)
APN	`111642802600`

Property Details

APN / Parcel Number

Primary APN	`111642802600`

Interior

Stories	2 Stories
Building Area	19,016 sqft Gross Area
1st Floor Area	9,508 sqft
Basement Area	8,956 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace
Elevator	Elevator

Exterior

Year Built	Built 2004
Effective Year Built	Effective 2004
Exterior Material	Brick
Roof Material	Metal
Lot Area	25,308 sqft (0.581 acres)
Lot Dimensions	114 ft deep x 98 ft wide

Utilities, Heating & Cooling

Heating System	Forced Air with A/C
Water Source	Commercial

Location & Zoning

Street Address	202 E WATER ST
City	DECORAH
State	IA
Zip	52101-1804
Property Category	Commercial
Property Type	Commercial > Office > Bank, Financial Building
Legal Description	LOT 11, LOT 9 & 10 SUBD LOT 4,LOT 3-8 SUBD L 3, LOT 12 SUB LOT 5 BLK 1 ORIG DEC & LOT 31 & 31 1/2 NE SE & LOT A OF E 28' OF LOT 29 NE SE
Legal Range	08W
Legal Township	98N
Legal Section	16
Legal Subdivision	HENNING COMMERCIAL SUB PH I
Legal Block	1
Legal Lot Number	3-12,29
Jurisdiction	WINNESHIEK IA
Township / Civil Division	DECORAH
Census Block Group	1
Census Block	1053
Census Tract	950200

Owner

Source: Winneshiek County records, as of October 20, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on Record
Mailing Address	PO BOX 380, DECORAH, IA 52101-0380
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Aug 30, 2018	Deed of Trust, Mortgage DECORAH BANK & TRUST COMPANY
Sep 21, 2017	Deed of Trust, Mortgage · Conventional Mortgage DECORAH BANK & TRUST CO
Aug 24, 2018	Deed of Trust, Mortgage DECORAH BANK & TRUST COMPANY
May 4, 2020	Deed of Trust, Mortgage · Commercial Mortgage DECORAH BANK & TRUST CO
Oct 7, 2020	Deed of Trust, Mortgage · Commercial Mortgage DECORAH BANK & TRUST CO

Assessor's Deed Record

Deed Names	Name on Deed
Record Updated	Oct 29, 2026

August 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	202 E WATER ST, DECORAH, IA 52101-1804
Transaction Type	Mortgage
Record Updated	Oct 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000002018/0000002506
Date	Aug 30, 2018
Book Page	0000002018/0000002506
Instrument	000000002506

Lender

Name	DECORAH BANK & TRUST COMPANY

Agreement

Amount	Amount Recorded
Term	173 Months
Due	Jan 1, 2033

September 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	202 E WATER ST, DECORAH, IA 52101-1804
Transaction Type	Mortgage
Record Updated	Oct 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02017/2799
Date	Sep 21, 2017
Book Page	2017/2799
Instrument	2017 2799

Lender

Name	DECORAH BANK & TRUST CO
Type	Bank
Address	RIDGEWAY, IA 52165

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Oct 1, 2047

August 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	202 E WATER ST, DECORAH, IA 52101-1804
Transaction Type	Mortgage
Record Updated	Oct 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000002018/0000002455
Date	Aug 24, 2018
Book Page	0000002018/0000002455
Instrument	000000002455

Lender

Name	DECORAH BANK & TRUST COMPANY

Agreement

Amount	Amount Recorded
Term	353 Months
Due	Jan 1, 2048

May 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	202 E WATER ST, DECORAH, IA 52101-1804
Transaction Type	Mortgage
Record Updated	Oct 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02020/1412
Date	May 4, 2020
Book Page	2020/1412
Instrument	2020 1412

Lender

Name	DECORAH BANK & TRUST CO
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	360 Months
Due	May 1, 2050

Interest

Rate Type	Fixed Rate

October 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	202 E WATER ST, DECORAH, IA 52101-1804
Transaction Type	Mortgage
Record Updated	Oct 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02020/4164
Date	Oct 7, 2020
Book Page	2020/4164
Instrument	2020 4164

Lender

Name	DECORAH BANK & TRUST CO
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Oct 6, 2050

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Winneshiek County assessment roll, as of October 21, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Winneshiek County
Municipality	Decorah City
Unified School District	Decorah Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$176,144.00	$5,051,640 (-) Land $177,720 Building $4,873,920	$5,051,640 (-) Land $177,720 Building $4,873,920
2025	$176,144.00 (+9.04%)	$5,051,640 (+11.49%) Land $177,720 Building $4,873,920	$5,051,640 (+11.49%) Land $177,720 Building $4,873,920
2024	$161,538.00 (+17.52%)
2023		$4,531,050 (+13.33%) Land $177,720 Building $4,353,330	$4,531,050 (+13.33%) Land $177,720 Building $4,353,330
2022	$137,460.00	$3,998,040 Land $148,100 Building $3,849,940
2021			$3,998,040 Land $148,100 Building $3,849,940

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective February 21, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AH, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 24 policies
Nearby Flood Policies	24 in force
Nearby Flood Claims	4 (2016)
Claims Outside the SFHA	3 of 4
Most Recent Claim	Aug 2016 · Severe Storms, Straight-line Winds, And Flooding
Claims by Event	Severe Storms, Straight-line Winds, And Flooding, Aug 2016 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	DECORAH WATER DEPARTMENT serves 7,615 people · EPA ID IA9630012
Water Source	Groundwater
Last State Inspection	Jun 2024
Lead	9 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 517 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Mediacom Xtream Cable	1,000 / 50
Nextlink Fixed Wireless	100 / 20

May also be available: GigFire.

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