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112 N Main Street, Fairfield, IA 52556

$455,000
  • 112 N Main Street, Fairfield, IA 52556 Main Photo

25 Photos

Active Price Reduced $10,000 on October 20th, 2026
MLS#6330644
STATUS PROPERTY TYPECommercial - Retail

Property Description

Here is an exceptional investment opportunity in the heart of Downtown Fairfield, just steps from the town square. This meticulously maintained, east-facing property features 4 total units?a full-service main-level restaurant, plus 3 private 1-bedroom, 1-bathroom apartments on the second floor. All units are currently rented, delivering immediate, turnkey income with strong long-term growth potential for investors or owner-operators. (Current rents for the 3 upper apartments total $2500 per month, minus utilities.) The main-level hospitality venue comes fully equipped for immediate operation, featuring vintage exposed brick, motorized blinds, a coffee and drinks bar, an authentic Italian brick pizza oven, and 2 complete commercial kitchens with extensive storage and prep areas. The sale includes all existing equipment, appliances, fixtures, touchscreen POS systems, and smallware, offering a rare, seamless combination of a ready-to-run restaurant and steady residential rental revenue.

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 $455,000. 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: 442
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 and Auction
Agency Phone: (855) 573-5263

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