Fayette County's former county home is for sale. The main campus is over 40,000 sq ft on 3 levels situated on 5 acres. The home was licensed for 90 beds at one time. At its peak the facility was staffed 24/7 with commercial grade kitchen, laundry and wood working shop. There are two very good water boilers, new in 2010, and 11 air handlers spread out throughout the facility. As state regulations changed, the home was managed by a private entity, eventually dropping to just 10 residents with some rooms remodeled as 1 bedroom efficiencies. The county is taking bids with a minimum bid of $100,000. Although used as a nursing home in the past, the property could easily handle any type of office needs. Assessed at close to $2 million, this property is ready for a new owner with a new vision.
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.
Located in downtown Fayette, near Upper Iowa University campus, this commercial space has undergone numerous upgrades since 2010 and is ready for your creative vision. The spacious interior offers great potential for diverse business endeavors.
Fayette is located in Iowa. Fayette, Iowa has a population of 1,139. Fayette is less family-centric than the surrounding county with 15.64% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Fayette, Iowa is $35,682. The median household income for the surrounding county is $50,973 compared to the national median of $69,021. The median age of people living in Fayette is 30.1 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 37.3 inches per year, with 35.7 inches of snow per year.