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Investment Highlights

  • Excellent visibility along a primary highway corridor with strong traffic counts
  • Surrounded by major national retailers, providing strong co-tenancy benefits
  • Ample paved parking and easy ingress/egress support daily customer flow
  • Fully leased commercial building in a high-profile location

Executive Summary

This fully remodeled commercial property presents a rare investment opportunity in a highly trafficked Mason City corridor. Spanning 5,858 square feet with modern updates inside and out, the building features a new roof, updated equipment, and a refreshed layout. Currently operating as a restaurant with a longterm existing lease in place, investors can benefit from immediate income potential and the stability of a functional asset in a growing retail hub.
Positioned along a major highway and surrounded by top retailers such as Menards, Target, and Fleet Farm, the property offers prime visibility and exceptional consumer traffic. Its stucco exterior and ample paved parking create a polished, accessible environment that can accommodate a variety of future uses beyond its current operation. Backed by strong demographics and proximity to Mason City’s established commercial network, this asset combines long-term upside with strong initial performance for investors seeking quality and location advantage.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,858 SF
Building Class
C
Year Built
1984
Price
$1,200,000
Price Per SF
$204.85
Cap Rate
7.83%
NOI
$93,960
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

RibCrib
Bonanza Steakhouse
Applebee's
Rent-A-Center
Pancheros Mexican Grill
Taco Tico
Starbucks
Hy-Vee
Planet Fitness
Caribou Coffee

Property Taxes

Property Taxes

Parcel Number
07-07-277-03-200
Land Assessment
$413,270
Improvements Assessment
$326,860
Total Assessment
$740,130
  • Listing ID: 41041233

  • Date on Market: 6/24/2026

  • Last Updated:

  • Address: 2960 4th St SW, Mason City, IA 50401

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