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Two-Story Mixed-Use Property
For Sale
$730,000

17 S Federal, Mason City, IA 50401

COMMERCIAL/INDUSTRIAL, 2 Story, MASON CITY, IA

Property Size2,090 SF
Lot Size0.05 Acres
Price / SF$349.28
Days on Market698

Property Features for 17 S Federal

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Southeast
Standard status Active
Size 2,090 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description W 100' L 3 IN L 6 BLK 16 PAUL FELTS PLAT
Tax Annual Amount 1596
Legal Description W 100' L 3 IN L 6 BLK 16 PAUL FELTS PLAT

Utilities

Cooling system Central Air

Building Details

Year built 1900
Floors in Building 2
Building materials Block, Brick Veneer
Architectural style Other
Listing Agency: HILDEBRAND REAL ESTATE
Listed By: TIMOTHY LATHAM · License #S44162
Added: Oct 30, 2024 Changed: Aug 19 Last Checked: Sep 27 at 4:06PM
MLS# 240776

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.

Investment Insights

Based on property information with market context.

This mixed-use offering combines six parcels totaling 2,090 square feet on approximately 0.05 acres. The property includes storefronts opening onto the plaza, with apartments above some of the commercial spaces, plus two additional stores accessed from the mall entrance. Long-term tenants occupy the latter spaces. Construction includes block and brick veneer, with central air conditioning and an original 1900 build year.

The property sits on the plaza at 17 S Federal in Mason City, alongside a hotel identified as the only Frank Lloyd Wright hotel in the world, restaurants, entertainment venues, and several small businesses. Roof replacements are reported at 9 S Federal, 11 S Federal, and 10 1st SE, which are included among the associated MLS listings.

Key Highlights

  • Six‑parcel mixed‑use package
  • 2,090 square feet on 0.05 acres
  • Plaza‑facing storefronts with apartments above some spaces

Property Analytics

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Current Use

The Diamond Store (Bike/Boat/Book/etc) Store Fat Hill Brewing Production Facility Players Hub Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Dental Office Grocery & Convenience Store Skin Care Clinic Bakery Electrical Service

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,137
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Six-parcel package with plaza-facing storefronts, select apartments above, and additional mall-entrance retail spaces.
Where is this mixed-use property located?
The property is located at 17 S Federal 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: Six‑parcel mixed‑use package; 2,090 square feet on 0.05 acres; Plaza‑facing storefronts with apartments above some spaces
More about this property
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