606 W Water Street, Fayette, IA

$40,000

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0.39

Acres

About 606 W Water Street

Opportunity awaits! The city of Fayette is accepting offers on this property. Anyone interested will submit their offers with business plan via a licensed agent. This property sits in the TIF (tax incremental financing) district. The offers will be opened and presented to the city council on their 9/2/25 meeting. Any buyer must agree to demolish the existing structures within 6 months of purchase, and agree to build a commercial structure within 12 months after demolition. Water and Sewer hookups are already on the property. The city plans to place an easement on the East side of the lot for an electronic sign.

Features of 606 W Water Street

MLS® # 20253798
Price $40,000
Acres 0.39
Year Built 1910
Type Commercial Sale
Sub-Type Office/Retail
Status Active

Community Information

Address 606 W Water Street
City Fayette
County Fayette
State IA
Zip Code 52142

Lease Information

Price Type Per Acre
Lease Type None

Additional Information

Date Listed August 6th, 2025
Days on Market 5
Zoning commercial
Total Building Sq. Ft. 0.00
Gross Taxes $785

Listing Details

AgentZachary Wulfekuhle
OfficeCentury 21 Signature Real Estate - Oelwein

Listing Map

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