102 23rd St Fairfield, IA 52556-4201
This exceptional 7,104 square foot multi-use commercial building situated on a spacious 1.45-acre lot in Fairfield, IA, presents a remarkable investment opportunity. The property boasts a versatile layout ideal for a variety of businesses, from light manufacturing to general commercial use. Key features include three-phase power, overhead doors for easy access, and ample finished office space. The building also offers substantial vehicle and equipment storage areas, catering to diverse operational needs. The property's adaptability is further enhanced by its potential for separation into multiple tenant spaces, maximizing rental income potential. An upstairs apartment or office area adds to the property's flexibility and value. While much of the interior drywall is installed, some finishing work remains, allowing for customization to suit a buyer's specific requirements. The property benefits from extensive parking, multiple restrooms, and a highly desirable location. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning buyers seeking a versatile and well-located commercial space. The combination of size, location, and adaptable design makes this a truly unique opportunity in the Fairfield market.
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Red Cannon Expedition Electronics & Wireless Store Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.