- 240th St.

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- 240th St.

Fairfield, IA 52556
Asking Price
$120K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel comprises 11.41 acres of land in Fairfield, Iowa.
  • The property is available for sale at $119,805.
  • Site is located along 240th St in Jefferson County.
  • Asset provides flexible potential for development or investment use.
  • Midwestern location offers proximity to regional transportation infrastructure.

What's Special

Fairfield serves as a hub for commerce and residential development in Jefferson County, Iowa, maintaining a steady economic climate supported by local industry and a growing regional population. This land parcel sits along 240th St, providing 11.41 acres of developable space for potential buyers. Given its position within the submarket, the property is suitable for various investment strategies, including agricultural use, long-term land banking, or future residential site preparation. The site offers a clear canvas for developers or investors seeking a presence in this stable Midwestern corridor. Access to regional transportation routes facilitates connectivity to the surrounding rural and urban centers, ensuring long-term viability for the asset. This transaction represents an acquisition of significant acreage, providing the scale necessary for expansive site planning or rural development projects in an established Iowa community.

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NOI
$80,000
Cap Rate
66.78%
DSCR
11.25
Strong
Cash-on-Cash
202.79%
Monthly Payment
$592.73
Annual Cash Flow
$72,887.243

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