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    54-56 N Main St Fairfield, IA 52556

    For Sale
    $495,000

    Mixed Use, Commercial Sale - Fairfield, IA

    Lot size:
    0.13 Acres
    Days on Market:
    163
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 54-56 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    06-25-312-009
    Parking features
    On Street
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    Village Realty (641) 472-9900

    Listing agent Michaela McLain (641) 472-9900 License #***

    Listing date Jun 27, 2025

    MLS# 6318975 Listing URL

    Copyright © 2025 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.

    Overview

    Versatile Mixed-Use Building in Downtown

    Located downtown, this mixed-use building features a brick facade and east-facing entrance on the west side of the square. The main floor offers 5412 square feet of space, including a large open showroom and a spacious back area suitable for various uses. Two half baths, each with separate sitting rooms, are located on the main floor. Additional storage space is available in the back with alley access. The building also has a partially finished basement with potential for further development. A separate entrance from the front sidewalk leads to the upper level, which features a large office space with multiple individual offices and communal rooms that can be used or rented individually or in clusters. Many windows overlook the town square, providing ample natural light. A communal half bath is accessible from the hallway. The upper level also includes a newly remodeled one-bedroom apartment with a bright 3/4 bath and potential to expand into a larger condo. A door at the end of the hall provides roof access at the back of the building, offering the possibility of creating a rooftop patio. The lot size is 0.13 acres.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.964159
    Latitude
    41.007338

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    FAQs

    What type of property is this?
    Storefront property - Large, versatile building with retail, office, and residential spaces.
    Where is this storefront property located?
    The property is located at 54-56 N Main St Fairfield, IA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Prime downtown location on the West side of the Square with East-facing entrance.; - Large, versatile brick building with 5412 sq ft main floor featuring a huge open showroom.; - Upstairs includes a large office space with individual offices and communal rooms, offering rental income potential.
    (641) 472-9900
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    54-56 N Main St Fairfield, IA 52556
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