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Historical Office Suite with Reception
For Lease
$1,000/Mo

202 1st SE #151, Mason City, IA 50401

COMMERCIAL/INDUSTRIAL, 2 Story, Historical, MASON CITY, IA

Space Size969 SF
Days on Market335

Property Features for 202 1st SE #151

General Information

Property type Residential
Property subtype Office
Zoning Z5 - Central Business Dis
Subdivision Southeast
Standard status Active
Size 969 SF

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Amenities

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

Building Details

Floors in Building 2
Building materials Block
Architectural style Other, Historical
Listing Agency: CENTURY 21 PREFERRED · Century 21 Real Estate
Listed By: ROGER FLIETH · License #107
Added: Nov 12, 2025 Changed: Oct 8 Last Checked: Oct 13 at 4:06PM
MLS# 250822

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 151 offers 969 square feet of finished office space within a historical plaza building. The main-level layout includes a reception area sized for multiple desks or waiting chairs, two private offices with closable doors, and an open work area for desks or filing. The suite and building are fully ADA accessible, with central air and block construction.

Located at 202 1st SE in Mason City’s downtown area, the property provides access to an on-site parking lot along with street parking. Multiple entrances serve the plaza, and approved signage is permitted. The suite is zoned Z5 - Central Business Dis and is available under a gross lease structure. High-speed wireless service is available, with three communication provider options; communications costs are the tenant’s responsibility.

Key Highlights

  • 969 SF main‑level office suite with a three‑room layout
  • Reception area, two private offices, and open workspace
  • Fully ADA accessible suite and building

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
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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 - Finished three-room workspace with ADA access, on-site parking, and multiple building entrances.
Where is this office units located?
The property is located at 202 1st SE #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 SF main‑level office suite with a three‑room layout; Reception area, two private offices, and open workspace; Fully ADA accessible suite and building
More about this property
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