14 Federal Ave Mason City, IA 50401-3728
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.
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Pottery on the Plaza (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.