502 W Burlington Avenue Fairfield, IA $ 117,000
502 W Burlington Avenue
$ 117,000
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502 W Burlington Avenue

Fairfield, IA, 52556
$ 117,000
Bedrooms-- Baths-- Sq 1,512

Monthly Estimate*

$ 739

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Commercial Property for sale in Fairfield, IA

for $117,000. This 1,512 square foot building was built in 1995 on a lot size of 0.18.

Versatile commercial property offering excellent potential for office, retail, or service-based use. The building is currently divided into two separate suites but could easily be utilized as one larger business space. Each suite features its own half bathroom and private exterior entrance, providing flexibility for an owner-occupant, multiple businesses, or rental income. The previous tenant paid $1,200 per month in rent, highlighting the property’s income-producing potential. An unfinished concrete poured basement provides additional storage space. The property also features an ample rear parking lot with an easement providing access to the building to the east. Conveniently located on West Burlington Avenue with great visibility and easy access, this property is ready for its next business or investment opportunity.

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Commercial Active

Price

$ 117,000

Property Type

Commercial

Taxes

$ 3,440

Style

Business

Lot Size

0.18

Year Built

1995

Town/City

Fairfield

County/Region

Jefferson

MLS | Web ID

6341959

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Metal Pitched
Garage Spaces 0
Architectural Style Business
Construction Materials Frame Vinyl Siding
Year Built 1995
Tax Year 2025
Current Use Beauty/Barber Shop
Accessibility No Stairs External No Stairs Internal
County Jefferson
Property Type Commercial Sale
Contingency None
Subdivision Name GRIMES
Possible Use Income Office Professional/Office Retail Services
Status Active
Directions From the Square go west on Burlington.
Open Parking Spaces 5
Number Of Units Total 1
Lot Size Units Acres
Lot Size Square Feet 7840.8
Land Lease Y/N N
Tax Annual Amount 3440
Living Area Units Square Feet
Standard Status Active
Legal Description GRIMES LT 2 BLK 2
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Interior
Basement Partial
Flooring Concrete Slab
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Exterior
Parking Features Outside Concrete Asphalt
Lot Features Corner Lot
Water Source Public
Building Area Total 1512
Lot Dimensions 66 x 117
Lot Size Acres 0.18
Foundation Area 1512
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Amber Lyons

Listing Agent

Fairfield Real Estate

Broker

641-472-2353

Contact

Affordability Calculator

$1,025
Per Month
72%
28%
0%
Monthly Principal & Interest
$739
Monthly Property Taxes
$287
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/25/2026$117,000 Listed Price

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502 W Burlington Avenue, Fairfield, IA, 52556 is a Commercial Property for sale at $117,000 with 1,512 sqft and a lot size of 0.18. 502 W Burlington Avenue was built in 1995. The property's zip code is 52556 which is in Fairfield, IA