615 Federal Ave Mason City, IA 50401-7019
This exceptional 8,461-square-foot retail property, located at 615 N Federal Ave in Mason City, Iowa, presents a compelling investment opportunity. Currently configured as an auto shop, the building offers significant versatility and potential for various uses. Constructed in phases (1969 and 1976), the property sits on a 0.63-acre lot, providing ample parking and space for operations. The building features six overhead doors, ideal for vehicle access and storage, along with two restrooms and extensive storage areas. The asking price is $299,000, translating to a price per square foot of $35.34. Its location in Cerro Gordo County, Iowa, zip code 50401, ensures high visibility and accessibility. The property's substantial size and functional layout make it suitable for a range of businesses, offering a strong return on investment for the discerning buyer. This is a rare opportunity to acquire a well-established property with significant potential in a thriving community. The property's existing infrastructure and ample space provide a solid foundation for immediate occupancy or future expansion. Don't miss this chance to own a piece of Mason City's commercial landscape.
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Mason City Auto Sales Car Dealership
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.