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Ground-Level Office Unit with Garage
New
For Lease
$1,333/Mo

202 1st SE, Mason City, IA 50401

COMMERCIAL/INDUSTRIAL, 2 Story, MASON CITY, IA

Space Size1,333 SF
Days on Market5

Property Features for 202 1st SE

General Information

Property type Residential
Property subtype Office
Zoning C-CBD/C BUS COM
Subdivision Southeast
Standard status Active
Size 1,333 SF

Taxes and HOA fees

Tax Year 2025
Tax Description For Lease Only
Legal Description For Lease Only

Utilities

Cooling system Central Air

Amenities

private in-suite bathroom
coffee station
high speed wireless communication service
landlord allows approved signage

Building Details

Year built 1925
Floors in Building 2
Building materials Block, Brick Veneer
Architectural style Other
Listing Agency: CENTURY 21 PREFERRED · Century 21 Real Estate
Listed By: ROGER FLIETH · License #B43478
Added: Aug 18 Changed: Aug 21 Last Checked: Aug 22 at 11:06AM
MLS# 260620

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.

This ground-level office unit in Petersen Plaza contains 1,333 square feet and includes an attached, fully finished, heated parking garage. The suite has a private in-unit bathroom and a coffee station, while additional public restrooms serve the building. Approved signage is permitted, and high-speed wireless communication service is available through two provider options.

The gross lease includes gas, electric, water, garbage, and maintenance and cleaning of common areas. Communications service is the tenant’s responsibility. Onsite parking and street parking support convenient access for occupants and visitors. Built in 1925, the property features block and brick veneer construction, central air, and C-CBD/C BUS COM zoning.

Key Highlights

  • 1,333‑square‑foot ground‑level office unit
  • Attached fully finished and heated parking garage
  • Private in‑suite bathroom and coffee station

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

$82.38 /SF/Yr
Avg Asking Price
$7.86–$225 /SF/Yr
Price Range
12,652 SF
Avg Space Size

This space is priced 85% below the average of $82.38 /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 - Professional office space with an attached heated garage, private restroom, onsite parking, and a gross lease covering building services.
Where is this office units located?
The property is located at 202 1st SE Mason City, IA.
What is the lease rate?
The lease rate is $1,333/Mo.
What are key features of this property?
This property features: 1,333‑square‑foot ground‑level office unit; Attached fully finished and heated parking garage; Private in‑suite bathroom and coffee station
More about this property
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