410 2nd St Fairfield, IA 52556-2416
This 1,540 square foot commercial building, located at 410 N 2nd Street in Fairfield, Iowa, presents a fantastic investment opportunity. The property sits on a 0.23-acre lot and offers a versatile layout ideal for a variety of commercial uses. The main floor boasts finished office space, a convenient utility room, a restroom, ample storage, and a practical garage bay complete with an 8' x 9' overhead door. Currently generating a monthly rental income of $900 (utilities included) from a two-bedroom apartment located upstairs with its own private entrance, this property offers immediate return on investment. The apartment adds to the property's value and income stream. The building benefits from a desirable location on North 2nd Street, providing excellent visibility and convenient access. Additional off-street parking is available, enhancing the property's appeal. Its proximity to local businesses like Everybody's and Campus further strengthens its commercial viability. The building and apartment enjoy an east-facing orientation. The property is being sold "as is," reflecting the attractive asking price. This is a rare opportunity to acquire a well-situated, income-generating commercial property in a thriving area. Don't miss out!
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Jagen Plumbing & Heating Hardware & Home Improvement HVAC Service
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Happyland Plumbing and Heating Plumbing Service General Contractor
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.