415 4Th StFairfield, IA 52556

Property Details for 415 4Th St

Year built

1900

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

3,580 SF

Property type

Office buildings

APN

06-25-162-001

APU

625162001

Description

This versatile 4,000 square foot commercial building at 415 N 4th Street in Fairfield, Iowa, presents a unique investment opportunity. Previously operating as Dave's Plumbing, the property is now zoned for mixed use, opening a wide range of possibilities for prospective buyers. The building boasts a substantial amount of storage space, including a large partial stone basement, ideal for inventory or archiving. Durable metal walls and a metal roof ensure longevity and low maintenance. Recent improvements include a sewer line replacement approximately five years ago, providing peace of mind. Conveniently located near downtown Fairfield, the property offers ample off-street parking for approximately 20 vehicles. The interior layout includes two spacious 15x15 foot offices, one featuring an attractive wood counter. A large 23x17 foot entry showroom with high ceilings provides a welcoming space for customers. Three generously sized storage rooms (20x20, 20x30, and 26x20) offer ample room for inventory, with the 20x30 room including a half bath. An additional 20x9 secure storage room provides extra space. A detailed list of permitted mixed-use options is available upon request. The property's prime location and flexible zoning make it an excellent choice for a variety of businesses. A virtual tour is available online for a comprehensive view of the property's layout and features. Priced at $84,900.

• CAP approach

  CAP return

  Valuation

  6%

  $957,798

  6.5%

  $884,122

  7%

  $820,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,097

  Geo Method

  $279,097

• Alternative Use

  Use

  Valuation

  Residential

  $1,096,311

  Hospitality

  $1,004,215

  Educational

  $835,495

  Medical

  $864,229

  Retail

  $1,299,659

Location Insight

City

Fairfield

County

Jefferson

State

Iowa

Latitude

41.0108

Longitude

-91.9677

CBSA code

21840

CBSA name

FAIRFIELD, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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