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Freshly Updated Office Unit
For Lease
$225 SF/Yr

202 1st SE #107, Mason City, IA 50401

COMMERCIAL/INDUSTRIAL, MASON CITY, IA

Space SizeContact for details
Property Size186 SF
Days on Market53

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

fully ADA accessible
approved signage
High Speed wireless communication service available

Building Details

Building materials Block
Listing Agency: CENTURY 21 PREFERRED · Century 21 Real Estate
Listed By: ROGER FLIETH · License #B43478
Added: Jul 23 Changed: Sep 3 Last Checked: Sep 13 at 8:06AM
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.

Suite 107 at 202 1st SE is a 186-square-foot, one-room office unit on the main level of Petersen Plaza. The space has fresh paint, vinyl flooring, an exterior window, and a coat closet. Central air and block construction serve the building, and the suite is fully ADA accessible.

The property is in downtown Mason City with entry from the street and through the plaza. On-site parking and additional street parking are available. 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 are a tenant expense.

Key Highlights

  • 186‑square‑foot one‑room office suite
  • Main‑level location with street‑side and plaza access
  • Fresh paint, vinyl flooring, exterior window, and coat closet

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

Yes
Paved road access
Yes
Utilities to site
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
11,034 SF
Avg Space Size

This space is priced 274% above 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 - Main-level workspace with a window, coat storage, ADA access, and parking options.
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: 186‑square‑foot one‑room office suite; Main‑level location with street‑side and plaza access; Fresh paint, vinyl flooring, exterior window, and coat closet
More about this property
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