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    120 W Broadway Ave Fairfield, IA 52556

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    For Sale
    $580,000

    Mixed-use building with restaurant and apartments near downtown square.

    Property size:
    9,562 SF
    Lot size:
    0.29 Acres

    Property Features for 120 W Broadway Ave

    General Information

    Size
    9,562 SF
    Lot size
    0.29 Acres

    Source: Caliber Realty Agent Matt Shaw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Near Downtown Square

    Located just off the vibrant downtown square in Fairfield, Iowa, this large mixed-use commercial building offers over 9,500 square feet. Currently operating as a restaurant for 32 years, the property also includes two 2-bedroom apartments upstairs for additional income. The building features a full and usable basement for storage and an overhead door for deliveries. All restaurant furniture, fixtures, and equipment can be included in the purchase. Fairfield is characterized as a vibrant and close-knit community with small-town charm. The downtown square features buildings ranging from 19th-century Queen Anne brick storefronts to Art Deco facades, creating a charming and lively atmosphere with shops, wellness venues, bookstores, and ethnic eateries. Designated as an Iowa Cultural & Entertainment District, Fairfield’s main square regularly hosts events such as art walks, summer concert series, sidewalk gatherings, and a holiday light ceremony.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thai Deli Thai Restaurant Mount Everest Emporium Clothing Store

    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.

    Similar Places Nearby

    Imperial Buffet

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.964556
    Latitude
    41.007567

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    FAQs

    What type of property is this?
    Conventional restaurant - Mixed-use building with restaurant and apartments near downtown square.
    Where is this conventional restaurant located?
    The property is located at 120 W Broadway Ave Fairfield, IA.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - Large mixed-use commercial building with over 9,500 sqft, suitable for various business ventures.; - Includes a long-established restaurant (32 years in operation), with the option to acquire all furniture, fixtures, and equipment.; - Features two 2-bedroom apartments upstairs, providing additional income potential.
    (515) 360-2247
    Request Owner's contact information
    120 W Broadway Ave Fairfield, IA 52556
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    120 W Broadway Ave
    Fairfield, IA 52556
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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
    120 W Broadway Ave Fairfield, IA 52556
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