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    206 Main St Fayette, IA 52142

    For Sale
    $48,000

    Prime Fayette location, updated interior, high potential.

    Property size:
    3,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3,250 square foot commercial property, situated at 206 S Main Street in the heart of Fayette, Iowa, presents a unique investment opportunity. Located conveniently near the Upper Iowa University campus, this property benefits from high visibility and foot traffic. The building sits on a 0.07-acre lot and has undergone significant upgrades since 2010, ensuring modern functionality and aesthetic appeal. The spacious interior layout offers considerable flexibility, making it suitable for a wide range of commercial uses. Entrepreneurs and established businesses alike will appreciate the potential this property offers to establish a thriving enterprise. The asking price of $48,000 represents an attractive entry point into the Fayette commercial real estate market. This property is ready for immediate occupancy and presents a chance to capitalize on a vibrant and growing community. Its central location and recent renovations combine to create a compelling opportunity for a discerning buyer. The ample space allows for creative adaptation to suit various business needs, making it an ideal investment for those seeking a versatile and well-located commercial property. Don't miss this chance to own a piece of downtown Fayette.

    Property Features for 206 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,250 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayette
    County
    Fayette
    State
    Iowa
    Longitude
    -91.80254
    Latitude
    42.84301

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Fayette location, updated interior, high potential.
    Where is this commercial real estate located?
    The property is located at 206 Main St Fayette, IA.
    What is the asking price?
    The asking price for this property is $48,000.
    (319) 231-9037
    Request Owner's contact information
    206 Main St Fayette, IA 52142
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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
    206 Main St Fayette, IA 52142
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