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    10 1St St SE Mason City, IA 50401

    For Sale
    $730,000

    1 Story, COMMERCIAL - MASON CITY, IA

    Property size:
    4,554 SF
    Days on Market:
    312
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 10 1St St SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    071015101500 071015101000
    Size
    4,554 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Floors in Building
    1
    Building materials
    Block
    Architectural style
    Other

    Hildebrand Real Estate (641) 512-4816 [email protected]

    Listing agent TIMOTHY LATHAM (641) 423-5055 License #S44162

    Listing date Feb 7, 2025

    MLS# 240777 Listing URL

    Copyright © 2025 Greater Mason City Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Retail Investment Opportunity

    This offering includes a package of six parcels with excellent visibility and a rich history. The properties are located in a plaza that is home to the only Frank Lloyd Wright Hotel in the World, along with dining, entertainment, and small businesses. The storefronts, some with apartments above, front the plaza, while two other stores with long-term tenants open to the mall entrance. These properties present an opportunity to start a business, lease spaces, and potentially utilize Mason City's programs for renovation cost assistance. The storefronts were formerly home to the Bergo family Mercantile stores. A new roof has been installed on the buildings located at 9 S Federal, 11 S Federal, and 10 1st SE. The total living area of the properties is 4554 square feet. MLS numbers 240773, 240774, 240775, 240776, and 240777 are all included in this sale. The properties are located in Mason City, IA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mason City IT ... City Government Office Mason City Clerks ... City Government Office Mason City Water ... Water Utility Company ChargePoint Charging Station Electric Vehicle Charging Station CIty of Mason CIty ... Golf Course

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.201408
    Latitude
    43.152937

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    FAQs

    What type of property is this?
    Storefront property - Six parcels with storefronts, apartments, and long-term tenants.
    Where is this storefront property located?
    The property is located at 10 1St St SE Mason City, IA.
    What is the asking price?
    The asking price for this property is $730,000.
    What are key features of this property?
    This property features: - Package deal: Includes 6 parcels with multiple storefronts and potential apartments.; - Prime location: Situated on the plaza, home to the Frank Lloyd Wright Hotel.; - Income potential: Opportunity to start a business or lease spaces to tenants.
    (641) 423-5055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 1St St SE Mason City, IA 50401
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