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Former Bank with Drive-Thru
For Sale
Contact for pricing
Pending

555 S Illinois Ave, Mason City, IA 50401

1,353 SF brick building with an existing drive-thru, monument signage, and 10 parking spaces on 0.36 acres.

Property Size1,353 SF
Lot Size0.36 Acres
Days on Market112

Property Features for 555 S Illinois Ave

General Information

Standard status Pending
Size 1,353 SF
Total Parking Spaces 10
Lot size 0.36 Acres
Property subtype Retail, Office, Land

Additional Details

Traffic Count 16,000 vehicles/day

Building Details

Construction brick
Listing Agency: Marcus & Millichap - Columbus
Listed By: Craig Fuller · License #OH 2008001551
Source: Crexi
Added: Apr 12 Changed: Jul 22 Last Checked: Jul 31 at 5:36AM

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 Marcus & Millichap - Columbus

Investment Insights

Based on property information with market context.

A former US bank building totaling 1,353 square feet of brick construction and designed for adaptable re-tenancy or redevelopment. The property includes an existing drive-thru and ample interior space, along with highly visible monument signage and a durable concrete parking lot. Ten (10) parking spaces are provided, with multiple access points for convenient customer flow.

Located directly at the main entrance of a Hy-Vee-anchored shopping center, the site benefits from visibility off a signalized intersection. The property is described as seeing over 16,000 vehicles per day and is positioned with major nearby tenants including Hy-Vee, Dollar Tree, Mercy One Medical, NP Fitness, Hy-Vee Fast & Fresh, Godfather’s Pizza, Subway, US Cellular, Athletico, and NSB Bank.

The surrounding area is also noted for education activity, with the site directly across from Mason City High School, Jefferson Elementary School, and NIA Community College, totaling over 4,325 students. The offering is for sale or lease, and inquiries can be directed to the broker for lease rate details.

Key Highlights

  • 1,353 SF brick building with existing drive‑thru and monument signage
  • Located on 0.36 acres at the main entrance of a Hy‑Vee‑anchored shopping center
  • Durable concrete parking lot with 10 current parking spaces and multiple access points

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Building Supply Hair Salon Restaurant

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

Lease Details

16,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

225
Businesses Nearby

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?
Bank - 1,353 SF brick building with an existing drive-thru, monument signage, and 10 parking spaces on 0.36 acres.
Where is this bank located?
The property is located at 555 S Illinois Ave Mason City, IA.
What are key features of this property?
This property features: 1,353 SF brick building with existing drive‑thru and monument signage; Located on 0.36 acres at the main entrance of a Hy‑Vee‑anchored shopping center; Durable concrete parking lot with 10 current parking spaces and multiple access points
(216) 264-2000 Call to check price and availability
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