50 2Nd St Fairfield, IA 52556

Property Details for 50 2Nd St

Year built

1920

Lot size

0.08 lot acres

Property size

4,114 SF

Property type

Turn key restaurants

APN

06-25-311-007

APU

625311007

Description

This exceptional 4,114 square foot commercial building, situated on a 0.09-acre lot at 50 S 2nd Street in Fairfield, IA, presents a unique investment opportunity. Boasting high visibility from Highway 34 and direct frontage on Highway 1, this property offers significant exposure for any business. The main level currently houses a restaurant, complete with an entry area, a spacious dining area with seating for 65-70 patrons, a well-equipped serving and register area, a functional kitchen, ample storage, and restrooms. The upper level presents versatile space, suitable for conversion into a two- to three-bedroom apartment (requiring kitchen installation) or as an office space, depending on the buyer's needs. A substantial basement provides extensive storage capacity. Convenient public parking is readily available, supplemented by ample off-street parking directly adjacent to the property and across from a municipal parking lot. Priced at $275,000, this property offers a compelling blend of established commercial space and significant development potential, making it an ideal acquisition for a savvy investor or entrepreneur. The east-facing orientation ensures excellent natural light throughout the building. This is a rare opportunity to own a well-located commercial property with multiple income streams.