50 2nd St, Fairfield, IA 52556-3250
- Turn key restaurants
- 4,114 SF
- 0.08 lot acres
Current Use by Public Records
- Istanbul Grill / Restaurant
Property Details for 50 2nd St
- Year built
- 1920
- Lot size
- 0.08 lot acres
- Property type
- Turn key restaurants
- APN
- 06-25-311-007
- APU
- 625311007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 19, 2025 | — | Nathan S Todd | — | Deed · related | $212k · Community 1st Cu |
| Aug 21, 2018 | — | David S Foraker | — | Deed · related | $97k · Federation Bank |
| Jul 25, 2018 | — | David S Foraker | — | Deed · related | $97k · Federation Bank |
| Nov 29, 2007 | $115,000 | David S Foraker | Chanchai Pongsayaporn | Warranty Deed | $115k · Midwestone Bank |
| May 16, 2005 | $100,000 | Chanchai Pongsayaporn | Yuan Jiang Guo | Warranty Deed | $85k · Libertyville Savings Bankw |
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Jefferson
- State
- Iowa
- Longitude
- -91.9654
- Latitude
- 41.0071
- CBSA code
- 21840
- CBSA name
- FAIRFIELD, IA MICROPOLITAN STATISTICAL AREA
