Restaurant with Outdoor
5 S Federal Avenue, Mason City, IA 50401
For Sale
New
$359,900
Commercial Sale, Mason City, IA
Property SizeContact for details
Lot Size0.06 Acres
Days on Market3
Property Features for 5 S Federal Avenue
General Information
Property type
Property subtype
Parking features
Subdivision
Directions
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Julie Hagen Robb · License #B41350002
(641) 390-0007
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 7:06PM
MLS# 6344327
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant property at 5 S Federal Avenue in Mason City includes the building, business, equipment, furnishings, and inventory. The existing operation, Happy Donkey Tacos and Tequila Bar, has indoor dining and outdoor patio seating on the downtown pedestrian plaza. The parcel contains 0.06 acres, and the building dates to 1875.
Block construction, forced-air heating, central air, a rubber roof, and public water are among the property features. Parking is on street. The current owners are relocating closer to family and are willing to provide training to the next owner on the menu and operations.
Block construction, forced-air heating, central air, a rubber roof, and public water are among the property features. Parking is on street. The current owners are relocating closer to family and are willing to provide training to the next owner on the menu and operations.
Key Highlights
- Restaurant business, building, equipment, furnishings, and inventory offered together
- Indoor dining and outdoor patio seating on a downtown pedestrian plaza
- 0.06‑acre parcel in Mason City
Property Analytics
Who owns this building?
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering combines the operating business with its equipment, furnishings, and inventory.
Where is this conventional restaurant located?
The property is located at 5 S Federal Avenue Mason City, IA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Restaurant business, building, equipment, furnishings, and inventory offered together; Indoor dining and outdoor patio seating on a downtown pedestrian plaza; 0.06‑acre parcel in Mason City
