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Property profile & analytics
OFF-MARKET
Retail space

14 Federal Ave Mason City, IA 50401-3728

6,886 SF 0.08 ac lot Built 1900
Individually Owned Absentee Owner Free & Clear
Property ID
US25-0737744
Property summary
AI-generated overview

This exceptional investment opportunity presents two connected buildings totaling 3,300 square feet, ideally situated on the plaza in downtown Mason City, Iowa. Listed at $325,000, this storefront property boasts a prime location at 14 S Federal Ave, 50401, offering significant potential for retail businesses. The property currently houses Pottery on the Plaza, ensuring a steady income stream. A recent roof replacement demonstrates the commitment to maintaining the building's quality. Note that this listing requires the purchase of the adjacent building at 12 S Federal Ave (MLS # 240768). This combined property offers a unique chance to own a substantial retail presence in a vibrant downtown area. The sale includes both buildings, providing ample space and opportunity. Three backup offers are in place until January 31, 2025, highlighting the high demand for this location. This is a rare chance to acquire a well-maintained, established retail property in a desirable downtown setting. Serious inquiries only.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 6,886 SF
Lot 0.08 ac (3,615 SF)
APN 70927801200
UPID US25-0737744
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pottery on the Plaza (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
James S Garrett
James S Garrett
since 2025
Last sale
$252,500
1 recorded transaction
2025
$252,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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