Mixed-Use Plaza Properties
For Sale
$730,000
Pending
17 S Federal Ave, Mason City, IA 50401
Six parcels with storefronts, apartments, and business opportunities.
Property Size2,090 SF
Days on Market683
Property Features for 17 S Federal Ave
General Information
Standard status
Pending
Size
2,090 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,596
Building Details
Year Built
1900
Listing Agency:
HILDEBRAND REAL ESTATE
(641) 423-5055
Listed By:
TIMOTHY LATHAM · License #S44162
(641) 425-0363
Source:
Exitrealty
Added: Oct 31, 2024
Changed: Sep 10
Last Checked: Sep 13 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 HILDEBRAND REAL ESTATE
Investment Insights
Based on property information with market context.
This offering consists of a package of six parcels with excellent visibility, presenting a unique opportunity in a historic location. The properties are part of a plaza that includes the only Frank Lloyd Wright Hotel in the world, along with dining, entertainment, and small businesses. The properties include storefronts directly on the plaza, some with apartments above, as well as two additional stores that open to the mall entrance and are currently occupied by long-term tenants. The storefronts were formerly home to the Bergo family Mercantile stores for many years. The properties offer the potential to start a new business, lease spaces to others, and explore Mason City programs that may assist with renovation costs. A new roof has been installed on the buildings located at 9 S Federal, 11 S Federal, and 10 1st SE. The total property size is 2090 square feet.
Key Highlights
- Package deal: Includes 6 parcels with multiple storefronts and potential apartments.
- Prime location on the plaza, home to the Frank Lloyd Wright Hotel.
- Excellent visibility and high traffic area for business opportunities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,137
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six parcels with storefronts, apartments, and business opportunities.
Where is this mixed-use property located?
The property is located at 17 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: Includes 6 parcels with multiple storefronts and potential apartments.; Prime location on the plaza, home to the Frank Lloyd Wright Hotel.; Excellent visibility and high traffic area for business opportunities.
