555 S Illinois Ave - Bank FOR SALE


Mason City, IA 50401
$114,999 USD
614-961-9943
555 S Illinois Ave, Mason City, IA for Sale
$114,999 USD
Bank - FOR SALE
1/20
null | Request Cap Rate

555 S Illinois Ave
Mason City, IA 50401


OVERVIEW

• Hy-Vee-Shadowed Former US Bank | Prime Re-Tenant or Redevelopment Opportunity | Mason City, IA • Available for Sale or Lease | Contact Broker for Lease Rate • Offered Well-Below Replacement Cost at Only $84.99/SF • 1,353 Square-Foot Brick Building | Includes Existing Drive-Thru | Ample Interior Space for Tenant | Highly Visible Monument Signage • Situated on 0.36 Acres | Directly at Main Entrance of High Performing Hy-Vee-Anchored Shopping Center • Prime Real Estate Seeing Over 16,000 Vehicles Per Day | Located Just Off Signalized Intersection • Minimal Drive-Thru Competition in Area | Complete Lack of QSR/Food/Retail Uses in Region | Over 10 Minutes Away from Mason City’s Main Retail Corridor • Directly Across from Mason City High School, Jefferson Elementary School, and NIA Community College | Over 4,325 Students | One of Only Two High Schools & Only College in Region • Durable Concrete Parking Lot | 10 Current Parking Spaces | Multiple Access Points • Major Tenants Nearby Include Hy-Vee, Dollar Tree, Mercy One Medical, NP Fitness, Hy-Vee Fast & Fresh, Godfather’s Pizza, Subway, US Cellular, Athletico, NSB Bank, Abundance of Medical Offices • Dense & Mature Demographics | Population Counts of 5,489 within 1-Miles and 23,051 within 3-Miles | Average Household Income in Excess of $86,342 - Well Above National Average • Mason City | County Seat of Cerro Gordo County | 140 Miles South of Minneapolis | 125 Miles North of Des Moines | Founded in 1853

FOR SALE DETAILS

PRICE

$114,999 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former U.S. Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

07-11-401-03-900

ASK ABOUT THIS PROPERTY

Zachary TurnerMarcus & MillichapMore Info
614-961-9943

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Zachary TurnerMarcus & MillichapMore Info
614-961-9943

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