1004 Federal AveMason City, IA 50401

  • Commercial real estate
  • 2,688 SF
For Lease
$7.50/SF/YR View listing

Property Details for 1004 Federal Ave

Year built
1957
Lot size
0.16 AC
Property size (Sq ft)
2,688 SF
Property type
Commercial real estate
APN
70442901500
APU
70442901500

Description

This 7,872 square foot freestanding retail building, located at 1004 S Federal Ave in Mason City, Iowa, presents a unique investment opportunity. Built in 1965, the property offers excellent visibility from a major north/south artery in the city, ensuring high traffic exposure for a single tenant. The building's single-tenant occupancy provides a streamlined management experience. Situated in Cerro Gordo County, this property is ideal for a variety of retail uses, particularly given its former life as an auto parts store. The building's substantial size provides ample space for a wide range of retail operations. The address is 1004 S Federal Ave, Mason City, IA 50401. This property is available for both sale and lease, offering flexibility to potential buyers and tenants. The building's location within Mason City provides access to a well-established customer base and strong local economy. Interested parties are encouraged to explore the potential this prime retail space offers. The property's age provides an opportunity for renovation and customization to suit a specific tenant's needs. This is a rare opportunity to acquire a substantial freestanding retail building in a desirable location. The property's size and visibility make it an attractive option for businesses seeking to establish a strong presence in the Mason City market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $506,463
    Hospitality
    $463,917
    Educational
    $385,974
    Medical
    $399,248
    Retail
    $600,404

Location Insight

City
Mason City
County
Cerro Gordo
State
Iowa
Latitude
43.1615
Longitude
-93.2014
CBSA code
32380
CBSA name
MASON CITY, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,022
$22,520
$37,480
$60,000
-
$22,520
$37,480
$60,000

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