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Mixed-Use Building with Office Space
For Sale
$399,000

54-56 N Main Street, Fairfield, IA 52556

The upper level combines multi-room offices with a remodeled one-bedroom apartment.

Property SizeContact for details
Days on Market842

Property Features for 54-56 N Main Street

General Information

Standard status Active
Property subtype Commercial

Additional Details

Mixed-Use Components retail, office, residential

Taxes and HOA fees

Annual Taxes $5,394

Building Details

Year Built 1900
Buildings 1
Units 5
Construction brick
Listing Agency: Village Realty
Listed By: Michaela McLain · License #S67278
Source: Davisandpalmer
Added: Jul 4, 2024 Changed: Oct 23 Last Checked: Oct 23 at 5:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Village Realty

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Investment Insights

Based on property information with market context.

Built in 1900, this brick mixed-use property has 5,412 square feet on the main floor, including an open showroom, full-front display windows, rear storage, and two half baths with separate adjoining sitting rooms. A partially finished basement adds additional interior space. The rear storage area has alley access.

A separate entrance leads to the upper floor, where multiple offices and shared rooms are arranged alongside a remodeled one-bedroom apartment with a three-quarter bath. A communal half bath is also located off the hallway. Windows overlook the town square, bringing natural light into the office area. The property is on the west side of the square in downtown Fairfield.

Key Highlights

  • 5,412 SF main floor with an open showroom and full‑front display windows
  • Upper‑level office area includes multiple individual offices and communal rooms
  • Remodeled one‑bedroom apartment with a three‑quarter bath

Property Analytics

Current Use

Storefront properties

Suggested Use

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

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

790
Businesses Nearby
13k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar Tree Shops & Services
6,747 visits/mo 0.5 miles
BP Shops & Services
6,193 visits/mo 0.4 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The upper level combines multi-room offices with a remodeled one-bedroom 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 SF main floor with an open showroom and full‑front display windows; Upper‑level office area includes multiple individual offices and communal rooms; Remodeled one‑bedroom apartment with a three‑quarter bath
More about this property
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