14 Federal AveMason City, IA 50401

Property Details for 14 Federal Ave

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

6,886 SF

Property type

Retail space

APN

70927801200

APU

70927801200

Description

This exceptional investment opportunity presents two connected buildings totaling 3,300 square feet, ideally situated on the plaza in downtown Mason City, Iowa. Listed at $325,000, this storefront property boasts a prime location at 14 S Federal Ave, 50401, offering significant potential for retail businesses. The property currently houses Pottery on the Plaza, ensuring a steady income stream. A recent roof replacement demonstrates the commitment to maintaining the building's quality. Note that this listing requires the purchase of the adjacent building at 12 S Federal Ave (MLS # 240768). This combined property offers a unique chance to own a substantial retail presence in a vibrant downtown area. The sale includes both buildings, providing ample space and opportunity. Three backup offers are in place until January 31, 2025, highlighting the high demand for this location. This is a rare chance to acquire a well-maintained, established retail property in a desirable downtown setting. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,666,262

  6.5%

  $1,538,088

  7%

  $1,428,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $885,683

  Geo Method

  $885,683

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,435

  Hospitality

  $1,188,443

  Educational

  $988,771

  Medical

  $1,022,776

  Retail

  $1,538,088

Location Insight

City

Mason City

County

Cerro Gordo

State

Iowa

Latitude

43.1513

Longitude

-93.2015

CBSA code

32380

CBSA name

MASON CITY, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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