Building Details

Building Size 6,880 SF

Year Built 1955

Listing Agency: Koch Real Estate Show Phone

Listed By: Sara Kruse Show Phone

Source: Pinnaclerealtyia

Added: Apr 17 Changed: Oct 16 Last Checked: Oct 20 at 7:00PM

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Investment Insights

Based on property information with market context.

This well-maintained multi-purpose retail building offers a flexible interior layout designed to accommodate a range of retail and service-related concepts. The property is sized at 6,808 SF and includes numerous recent updates, supporting a move-in-ready option for an owner-occupant or a leasing opportunity for an investor.

Located at 1104 N Federal Ave in Mason City, the building provides excellent visibility along a high-traffic corridor and includes abundant on-site parking, supporting convenient customer access.

Key Highlights

• 6,808 SF multi‑purpose commercial building at 1104 N Federal Ave, Mason City, built in 1955
• Flexible layout suited for grocery, convenience store, specialty retail, showroom, or service‑related uses
• Numerous recent updates for a move‑in‑ready option for an owner‑occupant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,595

Cap Rate

7.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,900 $1.4M

Cap Rate 7%

$1,022,786 $1.0M

Cap Rate 9%

$795,500 $795.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,880 SF

Gross rent

$103.2K $15.00/SF

− Vacancy

−$7.7K −$1.13/SF

EGI

$95.5K $13.88/SF

− OpEx

−$23.9K −$3.47/SF

NOI

$71.6K $10.41/SF

Area

Cerro Gordo County, IA

Vacancy

7.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,900

Cap Rate 7%

$1,022,786

Cap Rate 9%

$795,500

Alternative Uses

Best Use

Specialty Retail

$1.02M

$894.9K – $1.19M (±1% cap)

NOI $71,595 @ 7.0% cap · market cap 7.96%

Second Best

Retail

$759.6K

$664.6K – $886.2K (±1% cap)

NOI $53,169 @ 7.0% cap · market cap 5.91%

Theoretical Best

Office A

$1.73M

$1.51M – $2.01M (±1% cap)

NOI $120,894 @ 7.0% cap · market cap 13.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Prime Wine & Spirits (Bike/Boat/Book/etc) Store Bitstop Bitcoin ATM Atm

Suggested Use

Top Pick Dental Office Bakery Grocery & Convenience Store Pharmacy Furniture & Home Goods Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

318

Businesses Nearby

Explore this area Business Placement

Demographics for 50401, IA

28,981

Population

14,746

Households

2

Avg Household Size

43

Median Age

22%

College-Educated

94%

High-School Grad

148.2 sq mi

ZIP Area

196

Density / Sq Mi

$63,807

Median Household Income

$38,929

Median Earnings

$868

Median Rent

$134,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Well-maintained multi-purpose retail building with flexible layout and on-site parking, suited for grocery, showroom, or service uses.

Where is this retail space located?

The property is located at 1104 N Federal Avenue Mason City, IA.

What is the asking price?

The asking price for this property is $899,999.

What are key features of this property?

This property features: 6,808 SF multi‑purpose commercial building at 1104 N Federal Ave, Mason City, built in 1955; Flexible layout suited for grocery, convenience store, specialty retail, showroom, or service‑related uses; Numerous recent updates for a move‑in‑ready option for an owner‑occupant