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.
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0.14ACRES
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01/2 BATHS
School Ratings & Info
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.
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Based on information submitted to the MLS GRID as of 2025-07-14T23:41:45.867 (date and time MLS GRID Data was obtained).
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