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Property profile & analytics
OFF-MARKET
Retail space

410 2nd St Fairfield, IA 52556-2416

2,536 SF 0.23 ac lot Built 1946
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1595037
Property summary
AI-generated overview

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!

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Construction FRAME
Total area 2,536 SF
Lot 0.23 ac (10,164 SF)
APN 06-25-159-003
UPID US25-1595037
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jagen Plumbing & Heating Hardware & Home Improvement HVAC Service
  • Happyland Plumbing and Heating Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Happyland Plumbing & Heating LLC · 4 yrs held
Happyland Plumbing & Heating LLC
since 2022
Last sale
$75,000
1 recorded transaction
2022
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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