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    7 S Federal Ave Mason City, IA 50401

    Sponsored
    For Sale
    $730,000

    COMMERCIAL, 2 Story - MASON CITY, IA

    Property size:
    3,520 SF
    Days on Market:
    333
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 7 S Federal Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    071015100400
    Parking features
    Paved or Surfaced
    Size
    3,520 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1875
    Floors in Building
    2
    Building materials
    Block, Brick, Brick Veneer
    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# 240773 Listing URL

    Copyright © 2026 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 Commercial Property Package

    This offering comprises a package of six parcels with excellent visibility, presenting a unique opportunity to be part of a plaza that includes the only Frank Lloyd Wright Hotel in the world, along with dining, entertainment, and various small businesses. The properties include storefronts directly on the plaza, some featuring apartments above, as well as two additional stores opening to the mall entrance with long-term tenants. The storefronts were previously home to the Bergo family Mercantile stores for many years. The properties at 9 S Federal, 11 S Federal, and 10 1st SE have new roofs. The total property size is 3520 square feet. This mixed-use property is located in MASON CITY, IA. The offering includes MLS #s 240773, 240774, 240775, 240776, and 240777. The property offers opportunities to start a business, lease space, and potentially utilize Mason City's programs for updating costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    My Fair Trade Boutique Stifel Investment Service

    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
    -93.20075
    Latitude
    43.15209

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    FAQs

    What type of property is this?
    Storefront property - Six parcels with storefronts, apartments, and business opportunities.
    Where is this storefront property located?
    The property is located at 7 S Federal Ave 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: Sale includes 6 parcels of land.; - Prime location on the plaza, home to the Frank Lloyd Wright Hotel.; - Excellent visibility and high-traffic area.
    (641) 425-0363
    Request Owner's contact information
    7 S Federal Ave Mason City, IA 50401
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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
    7 S Federal Ave Mason City, IA 50401
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