305 N Federal Ave - Freestanding FOR SALE


Mason City, IA 50401
$1,949,655 USD
641-425-7317
305 N Federal Ave, Mason City, IA for Sale
$1,949,655 USD
Freestanding - FOR SALE
1/11
null | 9% Cap Rate

305 N Federal Ave
Mason City, IA 50401


HIGHLIGHTS

  • Great Downtown Location

OVERVIEW

This is a 3-tenant building Downtown Mason City, IA. Dollar General has been in this location since 2004 and just renewed lease for another 5-year lease. It also has the Laird Law office which is the premier law office of Cerro Gordo County. The are in a lease till May of 2026 and have already expressed interest in extending the lease, they have been in the building since 2005. The third tenant is Juvenile court services which have been in the building for 5 years and their lease expires November 30th 2026. This building has been completely rehabbed over the years with windows, EFIS, roof, HVAC, carpets and electrical. It comes with 2 parking lots, one on DG side and one on the side of the law firm. Thier is also a public parking lot behind the building.

FOR SALE DETAILS

PRICE

$1,949,655 USD

PRICE/SF

$70 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

Commercial

APN/PARCEL ID

07-10-101-01-100

ASK ABOUT THIS PROPERTY

Jeffrey TierneyTierney Development and ConstructionMore Info
641-425-7317

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Jeffrey TierneyTierney Development and ConstructionMore Info
641-425-7317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.