Contact us: 563.441.1776
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.
Property Highlights
Property Type: Commercial - Retail
Year Built: 1900
General Information
County: Jefferson
Listed By:
Village Realty
641-472-9900
No Coast MLS
MLS ID: 6330644
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112 N Main Street, Fairfield, IA 52556.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $465,000 | $465,000 | $465,000 |
| Down Payment | $93,000 | $16,275 | $116,250 |
| Monthly Mortgage Amount | $2,171 | $2,664 | $2,781 |
| Taxes | $647 | $647 | $647 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $204 | $0 |
| Monthly Estimated Total | $2,954 | $3,651 | $3,564 |
About this area
Find homes for sale in Fairfield, IA, and learn about the local community and real estate market.
Once touted by Smithsonian Magazine as one of the 20 Best Small Towns to Visit, Fairfield, Iowa offers the cozy feel of a small town but the culture and diversity of a place much larger. From its grand Victorians and Frank-Loyd Wright-inspired houses to its Vedic-style residences, there are many great places to live in Fairfield, Iowa.
A fun, eclectic town, Fairfield boasts a high quality of life and the warmth and friendliness the Midwest is known for. At its center is Central Park, an open green space surrounded by a bustling commercial district that includes eateries, art galleries, salons, independently owned shops, and other thriving local businesses. Main Street skirts the edge of the park, and just a block over, 2nd Street serves as an anchor for even more businesses. The Carnegie Historical Museum, among the oldest museums in the state, is a major draw to the area. Fairfield offers the variety you can’t always find in small-town living. Beautiful parks, golf courses, and nature preserves are scattered throughout town, giving residents plenty of options when it comes to exercise and outdoor activities.
Chautauqua Park boasts creekside walking trails as well as access to the Fairfield Loop Trail, which snakes its way through various parts of town. Head to Fairfield’s northern side to discover the splendor that awaits at Bonniefield Lake, a serene haven for a picnic, a hike, or an afternoon out on the water.
Homes for sale in Fairfield, IA come in a huge range of sizes, styles, and price ranges. There are adorable starter homes, well-maintained historical homes with tons of character, and even a few luxury abodes outfitted for modern living. Seeing some Fairfield real estate options in person gives you a deeper sense of the town’s distinctive architectural heritage. Reference the information below for up-to-date real estate market trends, nearby school profiles, community demographic information, and more. Ruhl&Ruhl Realtors has plenty of homes for sale in Fairfield, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Fairfield.
Fairfield, IA Listings
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Fairfield, IA Realtors
Fairfield is located northwest of Burlington. View homes for sale in the Burlington, Iowa area for more real estate options.
Nearest Ruhl&Ruhl Office
403 S. Gear Avenue, Suite 105
West Burlington, IA 52655
Phone Number: (563) 441-1776
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:10:33 AM EST) or MRED MLS (last updated Tue 03/03/2026 12:04:55 AM EST) or SCWMLS (last updated Mon 03/02/2026 11:54:39 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 03/02/2026 10:15:21 PM EST) or Cedar Rapids MLS (last updated Mon 03/02/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Tue 03/03/2026 12:08:41 AM EST) or ICAAR MLS (last updated Mon 03/02/2026 11:37:29 PM EST) or ECIMLS (last updated Mon 03/02/2026 11:44:19 PM EST) or RMLSA (last updated Tue 03/03/2026 12:00:57 AM EST) or Muscatine MLS (last updated Tue 03/03/2026 12:00:23 AM EST) or No Coast MLS (last updated Tue 03/03/2026 12:04:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.” Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.
Listings courtesy of No Coast MLS as distributed by MLS GRID.
DMCA Notice:
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
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(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Privacy Policy / DMCA Notice / ADA Accessibility
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