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Finished Office Suite
For Lease
$1,000/Mo

202 1st Street Unit 151, Mason City, IA 50401

Commercial Lease, Mason City, IA

Space Size969 SF
Days on Market336

Property Features for 202 1st Street Unit 151

General Information

Property type Commercial Lease
Property subtype Other
Zoning Business/Commercial
Parking features Assigned
Accessibility Accessible Approach with Ramp
Directions Call Roger Flieth 641-420-5635
Standard status Active
APN 071015300300

Taxes and HOA fees

Tax Year 2024
Tax Description Unit #151. For Lease Only
Legal Description Unit #151. For Lease Only

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

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

Building Details

Year built 1925
Number of units 1
Building materials Brick
Architectural style Other
Listing Agency: Century 21 Preferred
Listed By: Roger Flieth · License #107
Added: Nov 12, 2025 Changed: Oct 8 Last Checked: Oct 14 at 10:06AM
MLS# 6333642

Copyright © 2026 NoCoast MLS. 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.

Office Unit 151 at Petersen Plaza provides 969 square feet of finished workspace on the main level. The three-room layout includes a reception area sized for multiple desks or waiting chairs, two private offices with closable doors, and an open area for additional workstations or filing. The suite and building are fully ADA accessible, with forced-air heating and central air conditioning.

The property is located in downtown Mason City and offers access through multiple Plaza entrances. The suite is positioned next to the on-site parking lot, with assigned parking and additional street parking available. Approved signage is permitted, and high-speed wireless communication service is available. The gross lease includes gas, electric, water, garbage, and maintenance and cleaning of common areas; communications are the tenant’s responsibility.

Key Highlights

  • 969 square feet of office space in a 3‑room main‑level suite
  • Reception area, 2 private offices, and an open workspace
  • Fully ADA accessible building and suite

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Mason City, IA

$60.19 /SF/Yr
Avg Asking Price
$6.83–$225 /SF/Yr
Price Range
11,936 SF
Avg Space Size

This space is priced 79% below the average of $60.19 /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 - Three-room office suite with reception space, private offices, parking access, and ADA accessibility.
Where is this office units located?
The property is located at 202 1st Street Unit 151 Mason City, IA.
What is the lease rate?
The lease rate is $1,000/Mo.
What are key features of this property?
This property features: 969 square feet of office space in a 3‑room main‑level suite; Reception area, 2 private offices, and an open workspace; Fully ADA accessible building and suite
More about this property
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