Freshly Updated Office
For Lease
$14.52 SF/Yr
202 1st Street SE Unit 107, Mason City, IA 50401
Commercial Lease, Mason City, IA
Space Size186 SF
Days on Market47
Property Features for 202 1st Street SE Unit 107
General Information
Property type
Commercial Lease
Property subtype
Other
Directions
Located in Petersen Plaza Building downtown Mason City on the corner of 1st St SE and S. Pennsylvania Ave
Standard status
Active
APN
Lease
Taxes and HOA fees
Tax Description
For Lease Only
Legal Description
For Lease Only
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
parking lot
high-speed wireless
ADA accessible
Building Details
Year built
1925
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Roger Flieth · License #B43478
(641) 420-5635
Added: Jul 23
Changed: Sep 7
Last Checked: Sep 7 at 2:06PM
MLS# 6340738
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 107 is a 186-square-foot, one-room suite on the main level of Petersen Plaza. The space has been freshly painted and updated with vinyl flooring, an exterior window, and a coat closet. The building and suite are fully ADA accessible, with access from the street as well as through the plaza. On-site and street parking are available.
Located at 202 1st Street SE in Mason City, the 1925 brick building is heated by forced air and cooled by central air. 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; communication services remain the tenant’s responsibility.
Located at 202 1st Street SE in Mason City, the 1925 brick building is heated by forced air and cooled by central air. 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; communication services remain the tenant’s responsibility.
Key Highlights
- 186‑square‑foot one‑room office suite in Unit 107
- Main‑level location with street‑side and plaza access
- Fresh paint, vinyl flooring, exterior window, and coat closet
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Explore this area
Business Placement
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
11,010 SF
Avg Space Size
This space is priced 81% below the average of $75.34 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Main-level office suite with street and plaza access, an exterior window, coat closet, and ADA-accessible entry.
Where is this office units located?
The property is located at 202 1st Street SE Unit 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 in Unit 107; Main‑level location with street‑side and plaza access; Fresh paint, vinyl flooring, exterior window, and coat closet
