Multi-Purpose Retail Building with
1104 N Federal Avenue Mason City, IA 50401
1104 N Federal Avenue, Mason City, IA, 50401
$899,999
For Sale
$899,999
Well-maintained multi-purpose retail building with flexible layout and on-site parking, suited for grocery, showroom, or service uses.
Property Size6,880 SF
Price / SF$130.81
Days on Market98
Property Features for 1104 N Federal Avenue
General Information
- Standard status
- Active
- Size
- 6,880 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1955
Listing agency
(319) 290-4352
Listed by
Miehe Commercial Real Estate
(319) 290-4352
Source
Xome
Added: Apr 16 Updated: Jul 21 at 1:36AM Checked: Jul 22 at 3:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miehe Commercial Real Estate
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.
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.2k | $15.00 |
| − Vacancy | −$7.7k | −$1.13 |
| EGI | $95.5k | $13.88 |
| − OpEx | −$23.9k | −$3.47 |
| NOI | $71.6k | $10.41 |
6,880 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.02M
$894.9K – $1.19M
NOI $71,595 @ 7.0% cap · market cap 7.96%
Second Best
Retail
$759.6K
$664.6K – $886.2K
NOI $53,169 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,894 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Prime Wine & Spirits
(Bike/Boat/Book/etc) Store
Bitstop Bitcoin ATM
Atm
Similar For Sale Nearby
FAQs
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
