Restaurant Property with
New
For Sale
$304,000
500 W Burlington Avenue, Fairfield, IA 52556
Commercial Sale, Fairfield, IA
Property SizeContact for details
Lot Size0.21 Acres
Days on Market2
Property Features for 500 W Burlington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial
Subdivision
GRIMES ADD
Lot features
Corner Lot
Directions
From the Square, go west on Burlington Ave
Standard status
Active
APN
0626477005
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRIMES LT 1 BLK 2 & N BTW BURLINGTON & LT
Tax Annual Amount
6278
Legal Description
GRIMES LT 1 BLK 2 & N BTW BURLINGTON & LT
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1946
Number of units
1
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fairfield Real Estate
(641) 472-2353
Listed By:
Amber Lyons · License #***
(641) 208-4543
Added: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 6341978
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 conventional restaurant property at 500 W Burlington Avenue in Fairfield, Iowa, is occupied by Imperial Buffet Chinese Restaurant. The sale includes coolers, a freezer, buffet bars, and other restaurant equipment. The building offers a large commercial layout with concrete flooring, forced-air heating, central air, block and brick construction, and a shingle roof.
Front parking is supplemented by easement parking on the west side of the building. The property is zoned Business/Commercial and sits on 0.21 acres. Built in 1946, it is served by public water. The existing tenant is in year two of a five-year lease, providing an established lease arrangement for the next owner.
Front parking is supplemented by easement parking on the west side of the building. The property is zoned Business/Commercial and sits on 0.21 acres. Built in 1946, it is served by public water. The existing tenant is in year two of a five-year lease, providing an established lease arrangement for the next owner.
Key Highlights
- Operating tenant: Imperial Buffet Chinese Restaurant, in year two of a five‑year lease
- Sale includes coolers, freezer, buffet bars, and additional restaurant equipment
- 0.21‑acre restaurant property at 500 W Burlington Avenue, Fairfield, IA 52556
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Dollar Tree
Shops & Services
6,747 visits/mo
0.1 miles
Burger King
Dining
6,473 visits/mo
0.5 miles
BP
Shops & Services
6,193 visits/mo
0.4 miles
Taco John's
Dining
5,388 visits/mo
0.2 miles
SUBWAY
Dining
4,409 visits/mo
0.2 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
Questions? Ask Rey
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Similar Off Market Nearby
- Imperial Buffet — 500 W Burlington Ave, Fairfield, IA 52556
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with included equipment, front parking, and additional west-side easement parking.
Where is this conventional restaurant located?
The property is located at 500 W Burlington Avenue Fairfield, IA.
What is the asking price?
The asking price for this property is $304,000.
What are key features of this property?
This property features: Operating tenant: Imperial Buffet Chinese Restaurant, in year two of a five‑year lease; Sale includes coolers, freezer, buffet bars, and additional restaurant equipment; 0.21‑acre restaurant property at 500 W Burlington Avenue, Fairfield, IA 52556
