Listing Agency: Skogman Commercial Group s***@scotteolson.com Show Phone

Listed By: Scott Olson · License #IA B24276000

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 5:03AM

Report an Issue

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 Skogman Commercial Group

Investment Insights

Based on property information with market context.

This small restaurant building includes existing equipment and a newly installed parking lot. The property is positioned for continued restaurant use or conversion to retail or office space, with access and visibility from 151. Its compact commercial format and included equipment provide a flexible starting point for an operator seeking a restaurant-oriented property with alternate use potential.

Key Highlights

• Small restaurant building with conversion potential for retail or office use
• New parking lot included
• Existing equipment conveys with the property

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Plumbing Service Garden Center Restaurant (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 52404, IA

43,385

Population

19,923

Households

2.2

Avg Household Size

35

Median Age

22%

College-Educated

94%

High-School Grad

56.6 sq mi

ZIP Area

767

Density / Sq Mi

$62,304

Median Household Income

$38,865

Median Earnings

$885

Median Rent

$159,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing equipment and a new parking lot support the property’s commercial configuration.

Where is this conventional restaurant located?

The property is located at 515 Williams Boulevard Sw Fairfax, IA.

What are key features of this property?

This property features: Small restaurant building with conversion potential for retail or office use; New parking lot included; Existing equipment conveys with the property