112 N Main Street Fairfield, IA $ 465,000
112 N Main Street
$ 465,000
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112 N Main Street

Fairfield, IA, 52556
$ 465,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,901

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Commercial Property for sale in Fairfield, IA

for $465,000. This building was built in 1900 on a lot size of 0.07.

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.

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Commercial Active

Price

$ 465,000

Property Type

Commercial

Taxes

$ 2,906

Style

Retail

Lot Size

0.07

Year Built

1900

Town/City

Fairfield

County/Region

Jefferson

MLS | Web ID

6330644

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Separate
Zoning Business/Commercial
Garage Spaces 0
Architectural Style Retail
Construction Materials Brick Wood Siding
Year Built 1900
Tax Year 2024
Current Use Restaurant Retail
Gross Income 2575
Accessibility None
County Jefferson
Net Operating Income 1268
Property Type Commercial Sale
Contingency Subject to Financing
Possible Use Diversified Grocery Lounge/Bar Office Restaurant Retail Services
Status Active
Directions North on Main Street pass Broadway to 112 N. Main. on the left side of the street.
Association Name SEIA
Open Parking Spaces 14
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 3049.2
Tax Annual Amount 2906
Living Area Units Square Feet
Standard Status Active
Legal Description OLD PLAT S 22' LTS 1 & 2 BLK 7
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Exterior
Parking Features Outside Common
Water Source Public
Lot Dimensions 22 X 132
Lot Size Acres 0.07
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* Excluded Features
List By
Joanne Terrien

Listing Agent

Village Realty

Broker

calljoanne@gmail.com

Email

Affordability Calculator

$3,143
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,901
Monthly Property Taxes
$242
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/26/2025$465,000 -9.71% Price Down
8/9/2025$515,000 -99.90% Price Down
8/8/2025$515,000,000 Listed Price

Map


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112 N Main Street, Fairfield, IA, 52556 is a Commercial Property for sale at $465,000 with a lot size of 0.07. 112 N Main Street was built in 1900. The property's zip code is 52556 which is in Fairfield, IA