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About This Home

This 0-bedroom, 0-bathroom single family at 112 N Main Street in Fairfield, IA is listed for $465,000. Built in 1900, on a 0.07 acres lot.

Agent Description

Turnkey Restaurant & Income Property with exceptional opportunity to own a dual-use building in the heart of Downtown Fairfield. Lovingly maintained & continually upgraded, this property reflects pride of ownership inside & out. The east-facing building offers abundant natural light and is fully equipped for restaurant operations.

The main level features 2 commercial kitchens, a spacious dining area with motorized blinds, a coffee & drinks bar, & an authentic Italian brick pizza oven. Additional highlights include a commercial sound system throughout, modern lighting, vintage exposed brick walls, a touchscreen POS system with display screens, plus prep stations, refrigerators, freezers, and ample storage, including a dry basement.

The 2nd floor includes 3 1-bedroom, 1-bath apartments, each with a private kitchen. All units are currently rented, providing reliable rental income. The sale includes all restaurant equipment, appliances, fixtures, TVs, bar setup, utensils, and small wares, making this a true turnkey operation.

Located just steps from the town square and downtown shops, this property combines a ready-to-run restaurant with steady residential income, offering strong potential for both entrepreneurs and investors. Current rents for the 3 apartments total $2575 per month, minus utilities.

Key Features

  • Built in 1900
  • 0.07 acre lot

Property Details

1900

Amenities

A/C

Monthly Cost Estimate

$2,487/mo

20% down · 6.5% · 30 years

Principal$336
Interest$2,015
Insurance$136

Estimates only. Actual payments may vary.

Location

112 N Main Street

Fairfield, IA 52556

Property Details

Construction

Brick Wood Siding

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom single family at 112 N Main Street is listed at $465,000. The estimated monthly payment is $2,015 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.07 acre lot.

This property is listed by Joanne Terrien and can be reached at 6414722874 or calljoanne@gmail.com.

JT

Joanne Terrien

Agent at Village Realty

(641) 472-2874

Listed by Village Realty

MLS# 6330644· Source: listhub· Updated 247 days ago

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

112 N Main Street, Fairfield, IA 52556

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