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Downtown One-Room Office Suite
For Lease
$225 SF/Yr

202 1st SE #107, Mason City, IA 50401

SINGLE_FAMILY - MASON CITY, IA

Space SizeContact for details
Days on Market40

Property Features for 202 1st SE #107

General Information

Property type Residential
Property subtype Office
Directions Main Level of Petersen Plaza. Corner of !st St SE and S. Pennsylvania Ave.
Subdivision Southeast
Standard status Active
Size 186 SF

Taxes and HOA fees

Tax Description Lease Only
Legal Description Lease Only

Utilities

Cooling system Central Air

Amenities

ADA accessible
on-site parking lot
high-speed wireless communication service

Building Details

Building materials Block
Listing Agency: CENTURY 21 PREFERRED · Century 21 Real Estate
Listed By: ROGER FLIETH · License #107
Added: Jul 23 Changed: Jul 28 Last Checked: Aug 31 at 2:06AM
MLS# 260534

Copyright © 2026 Greater Mason City Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Petersen Plaza offers an available one-room office suite on the main level. Unit 107 is a recently freshened space sized for a small office setup, with fresh paint, a vinyl floor, one exterior window, and a coat closet. The suite is fully ADA accessible.

The building provides both street-side access and access through the Plaza, along with convenient on-site parking and generous street parking. The landlord allows approved signage.

For services, the suite has high-speed wireless communication available, and communications are treated as a tenant expense with two provider options listed: MediaCom or CLTEL. The gross lease is described as including gas, electric, water, garbage, and maintenance/cleaning of common areas.

Key Highlights

  • Petersen Plaza downtown Mason City office suite: Unit 107 is a 186 SF, one‑room office on the main level
  • Recently freshened up with freshly painted interior, vinyl flooring, one exterior window, and a coat closet
  • Central air cooling and central high‑speed wireless communication service available; communications are tenant expense with MediaCom or CLTEL options

Property Analytics

Current Use

Excel Business Solutions ... Computer & Electronic Repair Access Systems Big Box & Wholesale Store Beltone Hearing Centers Hearing Aid Store Sawyer Agency Insurance Agency Legal Aid-Iowa Law Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,029
Businesses Nearby

Demographics for 50401, IA

28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value

Market

Lease Benchmarks for Mason City, IA

$75.34 /SF/Yr
Avg Asking Price
$7.86–$225 /SF/Yr
Price Range
11,781 SF
Avg Space Size

This space is priced 199% above the average of $75.34 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - One-room, main-level ADA-accessible office suite with private entrance options, an exterior window, and a coat closet.
Where is this office units located?
The property is located at 202 1st SE #107 Mason City, IA.
What is the lease rate?
The lease rate is $225 SF/Yr.
What are key features of this property?
This property features: Petersen Plaza downtown Mason City office suite: Unit 107 is a 186 SF, one‑room office on the main level; Recently freshened up with freshly painted interior, vinyl flooring, one exterior window, and a coat closet; Central air cooling and central high‑speed wireless communication service available; communications are tenant expense with MediaCom or CLTEL options
More about this property
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