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Brick Mixed-Use Building
For Sale
$399,000

54-56 N Main Street, Fairfield, IA 52556

Commercial Sale, Fairfield, IA

Property SizeContact for details
Lot Size0.13 Acres
Days on Market794

Property Features for 54-56 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features On Street
Subdivision OLD PLAT FAIRFIELD
Directions West side of Town Square
Standard status Active
APN 06-25-312-009
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2022
Tax Description OLD PLAT S 22' LT 1 & N 22' LT 4 BLK 14
Tax Annual Amount 5394
Legal Description OLD PLAT S 22' LT 1 & N 22' LT 4 BLK 14

Utilities

Heating system Forced Air
Water source Public

Amenities

large display windows
open show room
storage space
alley access
partially finished basement
separate entrance
office space
individual offices
communal rooms
newly remodeled apartment
roof access

Building Details

Year built 1900
Number of units 5
Building materials Brick
Architectural style Other
Listing Agency: Village Realty
Listed By: Michaela McLain · License #S67278
Added: Jul 4, 2024 Changed: Aug 27 Last Checked: Sep 5 at 1:06PM
MLS# 6318975

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick mixed-use property at 54-56 N Main Street includes a 5,412-square-foot main level with an open showroom, substantial rear storage, alley access, and two half baths with adjoining sitting rooms. A partially finished basement adds additional interior space. The building was constructed in 1900 and is heated by forced air, with public water service and on-street parking.

The upper level is arranged with multiple private offices and shared rooms, along with a common half bath. Windows face the town square and bring natural light into the office area. The floor also contains a remodeled one-bedroom apartment with a bright three-quarter bath, plus a rear door providing roof access. The property sits on a 0.13-acre lot in Fairfield, Iowa.

Key Highlights

  • 5,412‑square‑foot main level with open showroom and rear storage
  • Upper floor includes multiple offices, shared rooms, and a remodeled one‑bedroom apartment
  • Partially finished basement provides additional interior space

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Garden Center Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

953
Businesses Nearby

Demographics for 52556, IA

11,736
Population
6,141
Households
1.9
Avg Household Size
48
Median Age
46%
College-Educated
97%
High-School Grad
175.5 sq mi
ZIP Area
67
Density / Sq Mi
$55,528
Median Household Income
$31,210
Median Earnings
$877
Median Rent
$168,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level commercial property with showroom, office suites, storage, and a remodeled apartment.
Where is this mixed-use property located?
The property is located at 54-56 N Main Street Fairfield, IA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 5,412‑square‑foot main level with open showroom and rear storage; Upper floor includes multiple offices, shared rooms, and a remodeled one‑bedroom apartment; Partially finished basement provides additional interior space
More about this property
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