Freestanding Retail Building on
2471 4th Street SW Mason City, IA 50401
For Sale
$550,000
Freestanding retail building with great visibility and flexible zoning.
Property Size4,000 SF
Price / SF$137.50
Days on Market250
Property Features for 2471 4th Street SW
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Building Details
Year Built
1988
Listing Agency:
SVN Create
(847) 431-6672
Listed By:
Nora Walsh · License #IA #S66842000
(847) 431-6672
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 29 at 4:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Create
Investment Insights
Based on property information with market context.
This freestanding retail building is located along Highway 122 (4th Street Southwest), the main east/west thoroughfare in Mason City. It features great visibility with pylon signage off Mason City's primary retail corridor, dual points of ingress/egress, a drive-in door for loading, and flexible zoning. The property is situated across the street from a Hy-Vee Anchored Retail Center and just east of Fleet Farm, Target, and Menards. The campus of Mercy One North Iowa Medical Center, Mason City’s largest employer, is approximately one mile away. Mason City is the county seat of Cerro Gordo county and home to approximately 27,740 residents. The largest urban center in North Iowa, Mason City is located 120 miles north of Des Moines and 135 miles south of the Twin Cities. The building is in a low turnover corridor with great co-tenancy. Mercy One North Iowa Medical Center, a 342-bed hospital, is the largest employer in Mason City. Manufacturing also plays a pivotal role in the city’s economy with 48 manufacturing plants and employing over 4,000 people. Other major employers include Woodharbor, Smithfield Foods, Cargill Kitchen Solutions, Kraft, and the Principal Financial Group. Mason City prides itself on their education system and the Mason City school district ranks in the top 15% in the United States for student academic achievement tests.
Key Highlights
- Located on Highway 122, Mason City's main east/west thoroughfare.
- High visibility with pylon signage on the primary retail corridor.
- Close proximity to major retailers.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $12.00 |
| − Vacancy | −$3.8k | −$0.96 |
| EGI | $44.2k | $11.04 |
| − OpEx | −$13.2k | −$3.31 |
| NOI | $30.9k | $7.73 |
4,000 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$441.6K
$386.4K – $515.2K
NOI $30,912 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.6K – $1.17M
NOI $70,287 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with great visibility and flexible zoning.
Where is this retail space located?
The property is located at 2471 4th Street SW Mason City, IA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Located on Highway 122, Mason City's main east/west thoroughfare.; High visibility with pylon signage on the primary retail corridor.; Close proximity to major retailers.
