Individually Owned Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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