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Executive Summary

Fairfield, IA is characterized as a vibrant and close-knit community with small-town charm. The downtown square is alive with buildings around the square ranging from 19th-century Queen Anne brick storefronts to a few Art-Deco facades. They lean toward a “hodgepodge” style, but the result is charming and full of life – shops, wellness venues, bookstores, ethnic eateries, and more. Since being designated an Iowa Cultural & Entertainment District (2005, renewed 2018), Fairfield’s main square has regularly hosted events: “First Fridays” art walks, summer concert series, sidewalk gatherings, and a holiday light ceremony where the entire square is decked out in festive displays.
120 W Broadway is large mixed use commercial building just off the vibrant downtown square. The building offers over 9,500 sqft with the current use as a restaurant which has been in operation for 32 years. Up stairs are two, 2 bedroom apartments for additional income. The property does have a full and usable basement for storage and an overhead door for deliveries. All the restaurant furniture, fixtures and equipment can be included in the purchase of the building.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,562 SF
Building Class
C
Year Built
1945
Price
$793,266 CAD
Price Per SF
$82.96 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.29 AC
Frontage
110’ on Broadway Ave
Moderately walkable
70/100
Very drivable
80/100
Moderately bikeable
60/100

Nearby Major Retailers

Hy-Vee
MidWestOne Bank
Starbucks
Caribou Coffee

Property Taxes

Property Taxes

Parcel Number
06-25-312-001
Land Assessment
$87,251 CAD
Improvements Assessment
$261,341 CAD
Total Assessment
$348,591 CAD
  • Listing ID: 36334849

  • Date on Market: 2025-06-20

  • Last Updated:

  • Address: 120 Broadway ave, Fairfield, IA 52556

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