206 Main St Fayette, IA 52142
This exceptional 3,250 square foot commercial property, situated at 206 S Main Street in the heart of Fayette, Iowa, presents a unique investment opportunity. Located conveniently near the Upper Iowa University campus, this property benefits from high visibility and foot traffic. The building sits on a 0.07-acre lot and has undergone significant upgrades since 2010, ensuring modern functionality and aesthetic appeal. The spacious interior layout offers considerable flexibility, making it suitable for a wide range of commercial uses. Entrepreneurs and established businesses alike will appreciate the potential this property offers to establish a thriving enterprise. The asking price of $48,000 represents an attractive entry point into the Fayette commercial real estate market. This property is ready for immediate occupancy and presents a chance to capitalize on a vibrant and growing community. Its central location and recent renovations combine to create a compelling opportunity for a discerning buyer. The ample space allows for creative adaptation to suit various business needs, making it an ideal investment for those seeking a versatile and well-located commercial property. Don't miss this chance to own a piece of downtown Fayette.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.