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2960 4th St SW 5,858 SF Retail Building Mason City, IA 50401 $1,300,000 ($221.92/SF) 7.38% Cap Rate
Executive Summary
Fully remodeled, fully functional and leased building in prime Mason City location! Featuring a beautiful stucco exterior, new roof, and extensive modern updates inside and out. This high-visibility property sits along a major highway surrounded by top retailers including Menards, Target & Fleet Farm. Currently operating as a restaurant with updated equipment and layout, offering excellent exposure, ample parking, and strong traffic counts. Perfect for an investor seeking a ready-to-go commercial opportunity!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,858 SF
Building Class
C
Year Built
1984
Price
$1,300,000
Price Per SF
$221.92
Cap Rate
7.38%
NOI
$95,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.14 AC
Zoning
Z4 - Arterial Commercial Zoning.
Parking
199 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
647’ on 4th Street Southwest
Amenities
- Drive Thru
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-07-277-03-200 | Improvements Assessment | $326,860 |
| Land Assessment | $413,270 | Total Assessment | $740,130 |
Property Taxes
Parcel Number
07-07-277-03-200
Land Assessment
$413,270
Improvements Assessment
$326,860
Total Assessment
$740,130
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2960 4th St SW
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