210 Main St Fayette, IA 52142-7606
This exceptional commercial property, located at 210 S Main Street in the heart of Fayette, Iowa, presents a unique investment opportunity. The building boasts 3,280 square feet of retail space, ideally suited for a variety of businesses, benefiting from its high-visibility Main Street location. The property also includes a three-bedroom apartment situated above the commercial space, offering potential for additional income generation or owner occupancy. Recent updates to the building's plumbing and electrical systems ensure modern functionality and efficiency. The property sits on a conveniently sized 0.09-acre lot, providing ample space for both the building and potential outdoor uses. The asking price for this versatile property is $80,000, representing a compelling value in the current market. This is a rare chance to acquire a well-maintained commercial property with significant upside potential in a thriving Iowa community. The combination of retail space and residential accommodation makes this an attractive option for both investors and owner-operators seeking a blend of income streams and operational convenience. The updated infrastructure minimizes immediate maintenance concerns, allowing for a smooth transition and immediate focus on business operations or tenant acquisition. Don't miss this opportunity to own a piece of Fayette's vibrant Main Street.
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.