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112 N Main Street, Fairfield, Iowa 52556

IA, Fairfield
$465,000
  • 0.07 Acre
  • Commercial Sale Property Type
  • 1900 Year Built
  • Active Status
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.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6330644
  • Price: $465,000
  • Year Built: 1900
  • Lot Area: 0.07 Acre
  • Status: Active
  • Office Name: Village Realty
  • Agent Name: Joanne Terrien
Features
  • Heating System Forced Air
  • Cooling System Central Air
  • Parking Common,Outside
  • Architectural Style Retail
  • Sewer City Sewer/Connected
  • Utilities Electric Separate,Heating Separate,Hot Water Separate
Address Map
  • Country US
  • State IA
  • County Jefferson
  • City Fairfield
  • Zipcode 52556
  • Street: Main
  • Street Number: 112
  • Street Suffix: Street
  • Longitude: W92° 2' 9.1''
  • Latitude: N41° 0' 29.5''
  • Directions: North on Main Street, pass Broadway to 112 N. Main. on the left side of the street.
  • Street Dir Prefix: N
  • Zoning: Business/Commercial
Additional Information
  • Accessibility Features: None
  • Construction Materials: Brick,Wood Siding
  • Current Use: Restaurant,Retail
  • Lot Size Dimensions: 22 X 132
  • Number Of Units Total: 3
  • Possible Use: Diversified, Grocery, Lounge/Bar, Office, Restaurant, Retail, Services
  • Previous Price: 469000
  • Water Source: Public
Financial
  • Tax Annual Amount: 2906
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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