102 23Rd StFairfield, IA 52556

  • Flex space
  • 7,104 SF
For Sale
$429,900 View listing

Property Details for 102 23Rd St

Year built
1981
Construction
FRAME
Lot size
1.45 AC
Property size (Sq ft)
7,104 SF
Property type
Flex space
APN
06-27-476-015
APU
627476015

Description

This exceptional 7,104 square foot multi-use commercial building situated on a spacious 1.45-acre lot in Fairfield, IA, presents a remarkable investment opportunity. The property boasts a versatile layout ideal for a variety of businesses, from light manufacturing to general commercial use. Key features include three-phase power, overhead doors for easy access, and ample finished office space. The building also offers substantial vehicle and equipment storage areas, catering to diverse operational needs. The property's adaptability is further enhanced by its potential for separation into multiple tenant spaces, maximizing rental income potential. An upstairs apartment or office area adds to the property's flexibility and value. While much of the interior drywall is installed, some finishing work remains, allowing for customization to suit a buyer's specific requirements. The property benefits from extensive parking, multiple restrooms, and a highly desirable location. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning buyers seeking a versatile and well-located commercial space. The combination of size, location, and adaptable design makes this a truly unique opportunity in the Fairfield market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,175,473
    Hospitality
    $1,992,721
    Educational
    $1,657,921
    Medical
    $1,714,939
    Retail
    $2,578,988

Location Insight

City
Fairfield
County
Jefferson
State
Iowa
Latitude
41.0053
Longitude
-91.9883
CBSA code
21840
CBSA name
FAIRFIELD, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,512
$35,200
$90,900
$126,100
-
$35,200
$90,900
$126,100

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