112 N Main ST, Fairfield, IA 52556
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112 N Main ST, Fairfield, IA 52556
112 N Main ST, Fairfield, IA 52556
112 N Main ST, Fairfield, IA 52556
112 N Main ST, Fairfield, IA 52556
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Alexis (Lexie) Carstens

Alexis (Lexie) Carstens

+1(563) 505-3009
Listed by Joanne Terrien Village Realty
$ 455,000
Est. payment /mo
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Active

112 N Main ST Fairfield, IA 52556

3,049 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID NOC6330644

Style Retail

Year Built 1900

Annual Tax Amount $2,906

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 22 X 132

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.

Location

State IA

County Jefferson

Zoning Business/Commercial

Direction North on Main Street, pass Broadway to 112 N. Main. on the left side of the street.

Interior

Heating Forced Air

Cooling Central Air

Exterior

Parking Features Outside, Common

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

View Y/N true

Accessibility None

Total Parking Spaces 14

Building

Sewer City Sewer/Connected

Water Public

Architectural Style Retail

Structure Type Brick,Wood Siding

Schools

School District 2169 - Fairfield

Others

Energy Description Natural Gas

Acceptable Financing NOC6330644

Listing Terms NOC6330644

Alexis (Lexie) Carstens

Alexis (Lexie) Carstens

Agent

+1(563) 505-3009

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112 N Main ST