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

54-56 N Main Street, Fairfield, IA 52556

Commercial Sale, Fairfield, IA

Property SizeContact for details
Lot Size0.13 Acres
Days on Market829

Property Features for 54-56 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features On Street
Subdivision OLD PLAT FAIRFIELD
Directions West side of Town Square
Standard status Active
APN 06-25-312-009
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2022
Tax Description OLD PLAT S 22' LT 1 & N 22' LT 4 BLK 14
Tax Annual Amount 5394
Legal Description OLD PLAT S 22' LT 1 & N 22' LT 4 BLK 14

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1900
Number of units 5
Building materials Brick
Architectural style Other
Listing Agency: Village Realty
Listed By: Michaela McLain · License #S67278
Added: Jul 4, 2024 Changed: Oct 8 Last Checked: Oct 10 at 8:06AM
MLS# 6318975

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 three-level brick property in Fairfield combines retail, office, and residential space. The main floor contains 5,412 square feet, including an open showroom, rear storage, and two half baths with separate adjoining sitting rooms. A partially finished basement provides additional space. The upper floor has multiple individual offices and shared rooms, along with a remodeled one-bedroom apartment featuring a three-quarter bath.

Rear storage connects to alley access. The property was built in 1900 and occupies a 0.13-acre lot. Heating is forced air, water is public, and parking is on street.

Key Highlights

  • 5,412‑square‑foot main floor with an open showroom
  • Upper‑level office area has individual offices and shared rooms
  • Remodeled one‑bedroom apartment with a three‑quarter bath

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Locksmith Grocery & Convenience Store Carpet & Flooring Store Barber Shop Catering Service Garden Center

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

953
Businesses Nearby
25k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Dining 40%
Dollar Tree Shops & Services
6,747 visits/mo 0.3 miles
BP Shops & Services
6,193 visits/mo 0.2 miles
Taco John's Dining
5,388 visits/mo 0.4 miles
SUBWAY Dining
4,409 visits/mo 0.4 miles
BP Shops & Services
1,965 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor showroom space is paired with upper-level offices and a one-bedroom residence.
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‑square‑foot main floor with an open showroom; Upper‑level office area has individual offices and shared rooms; Remodeled one‑bedroom apartment with a three‑quarter bath
More about this property
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