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112 N Main Street, Fairfield, IA 52556

$465,000
  • 112 N Main Street, Fairfield, IA 52556 Main Photo

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Active
MLS#6330644
STATUS PROPERTY TYPECommercial - Retail

Property Description

Turnkey Restaurant & Income Property with exceptional opportunity to own a dual-use building in the heart of Downtown Fairfield. Lovingly maintained & continually upgraded, this property reflects pride of ownership inside & out. The east-facing building offers abundant natural light and is fully equipped for restaurant operations. The main level features 2 commercial kitchens, a spacious dining area with motorized blinds, a coffee & drinks bar, & an authentic Italian brick pizza oven. Additional highlights include a commercial sound system throughout, modern lighting, vintage exposed brick walls, a touchscreen POS system with display screens, plus prep stations, refrigerators, freezers, and ample storage, including a dry basement. The 2nd floor includes 3 1-bedroom, 1-bath apartments, each with a private kitchen. All units are currently rented, providing reliable rental income. The sale includes all restaurant equipment, appliances, fixtures, TVs, bar setup, utensils, and small wares, making this a true turnkey operation. Located just steps from the town square and downtown shops, this property combines a ready-to-run restaurant with steady residential income, offering strong potential for both entrepreneurs and investors. Current rents for the 3 apartments total $2575 per month, minus utilities.

112 N Main Street | MLS# 6330644

This commercial property located at 112 N Main Street, Fairfield, IA 52556 is currently listed for sale with an asking price of $465,000. Search Fairfield real estate on www.trophypa.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Retail
Lot Size: 0.07 Acres
Taxes: $2,906
Year Built: 1900

Feature Descriptions

Current Use: Restaurant, Retail
Days on Site: 206
Exterior: Brick, Wood Siding
Lot Dimensions: 22 X 132
Open Parking Spaces: 14
Parcel #: 06-25-309-011
Parking: Outside, Common
Possible Use: Diversified, Grocery, Lounge/Bar, Office, Restaurant, Retail, Services
Sewer: City Sewer/Connected
SQFT Building Finished: 2904
Units: 3
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: Public
Zoning: Business/Commercial

Listed By / Shown

Listed By

Agency Name: Village Realty
Agency Phone: 641-472-9900

Shown By

Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263

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