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    200 Main St Mason City, IL 62664

    Sponsored
    For Sale
    $149,000

    Turnkey Business, 6500 sq ft, 5 Units

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    Prime Mason City, IL location! This exceptional opportunity includes a thriving, established business and a 6,500 square foot, two-story building on a prominent .20 acre lot at 200 S Main St, zip code 62664. The property boasts five rental units, generating consistent income. The main business has operated successfully for over 20 years under the same ownership, with a history spanning more than 40 years in the community. The sale includes all equipment, inventory, licenses (tobacco and tanning), website, online presence, and a full POS system. The current owner will provide comprehensive training and support to ensure a smooth transition. The building itself is valued at $69,000, while the business assets are priced at $80,000. This turnkey operation offers significant potential for growth and expansion, making it an ideal investment for a family or entrepreneur seeking a rewarding venture. The sale includes a UV tanning salon, sunless spray booth, airbrush tanning unit, red light therapy bed, vape store, CBD/hemp store, phone repair business (optional), and a consignment shop (60% ownership of inventory). The property features a security system, decorations, signage, and ample display cabinets, furniture, counters, and shelving. Serious inquiries only. Financials will be discussed with qualified buyers.

    Property Features for 200 Main St

    General Information

    Property type
    Investment properties
    Square Feet
    6,500 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $149,000 asking price for a turnkey business and building.
    • 6,500 square foot, two‑story building with five units.
    • Located at 200 S Main St, Mason City, IL 62664.
    • Includes a UV tanning salon, sunless spray booth, airbrush tanning unit, red light therapy bed, vape store, CBD/hemp store, phone business, and phone repair business.
    • Seller will provide training and support to the new owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Hot Spot (formerly ... Tanning Salon The Hot Spot -Mason ... Tanning Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Mason
    State
    Illinois
    Longitude
    -89.6980352
    Latitude
    40.2010458

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    FAQs

    What type of property is this?
    Investment property - Turnkey Business, 6500 sq ft, 5 Units
    Where is this investment property located?
    The property is located at 200 Main St Mason City, IL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: $149,000 asking price for a turnkey business and building.; 6,500 square foot, two-story building with five units.; Located at 200 S Main St, Mason City, IL 62664.
    Request Owner's contact information
    200 Main St Mason City, IL 62664
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Main St Mason City, IL 62664
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