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Mixed-Use Building with Restaurant
For Sale
$465,000

112 N Main Street, Fairfield, IA 52556

Commercial Sale, Fairfield, IA

Property SizeContact for details
Lot Size0.07 Acres
Days on Market418

Property Features for 112 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Business/Commercial
Directions North on Main Street, pass Broadway to 112 N. Main. on the left side of the street.
Standard status Active
APN 06-25-309-011
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description OLD PLAT S 22' LTS 1 & 2 BLK 7
Tax Annual Amount 2906
Legal Description OLD PLAT S 22' LTS 1 & 2 BLK 7

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Number of units 3
Building materials Brick, Wood Siding
Architectural style Other
Listing Agency: Village Realty
Listed By: Joanne Terrien · License #***
Added: Aug 6, 2025 Changed: Sep 13 Last Checked: Sep 27 at 5:06AM
MLS# 6330644

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 mixed-use property combines a fully equipped restaurant with three residential apartments in a two-story brick and wood-sided building constructed in 1900. The restaurant level includes two commercial kitchens, a dining area, coffee and beverage bar, authentic Italian brick pizza oven, prep stations, refrigeration, dry basement storage, motorized blinds, exposed brick, modern lighting, sound equipment, touchscreen POS hardware, display screens, and a complete collection of furnishings, fixtures, utensils, and small wares. Forced-air heating, central air, and public water serve the property.

The second floor contains three one-bedroom, one-bath apartments, each with a private kitchen. All three apartments are currently rented. The property is located at 112 N Main Street in Fairfield, near the town square and downtown shops, with an east-facing orientation and natural light. Business/Commercial zoning supports its mixed-use configuration.

Key Highlights

  • Two‑story mixed‑use building at 112 N Main Street, Fairfield, IA 52556
  • Restaurant level includes 2 commercial kitchens and an authentic Italian brick pizza oven
  • Three 1‑bedroom, 1‑bath apartments, each with a private kitchen

Property Analytics

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Current Use

Mira's Cafe Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Grocery & Convenience Store Pharmacy Auto Parts Store Barber Shop

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

958
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Operating restaurant space with three upstairs apartments and included commercial equipment.
Where is this mixed-use property located?
The property is located at 112 N Main Street Fairfield, IA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑story mixed‑use building at 112 N Main Street, Fairfield, IA 52556; Restaurant level includes 2 commercial kitchens and an authentic Italian brick pizza oven; Three 1‑bedroom, 1‑bath apartments, each with a private kitchen
More about this property
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