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25830601
25830602

112 N Main Street, Fairfield, IA 52556

Village Realty
Village Realty
Listed by Village Realty
$465,000
302 days on market
Updated 96 days ago

112 N Main Street

Details
APN 06-25-309-011
Property Type Retail, Office
Sub Type Grocery Store, Traditional Office (+2)
Units 3
NOI $1,268
Year Built 1900
Acreage 0.070
Zoning Business/Commercial

Retail

Marketing 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.
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Listing Contacts

Village Realty
Village Realty
Listed by Village Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,268.00
$105.67/mo

Valuation Metrics

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DSCR
0.27%
Cap Rate
0.27%
ROI

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