Remodeled Restaurant Building For
2960 4th SW, Mason City, IA 50401
COMMERCIAL - MASON CITY, IA
Property size:
5,858 SFLot size:
1.14 AcresPrice / SF:
$204/SF- Added:
- Oct 9, 2025
- Days on Market:
- 234
- Last Refresh:
- May 30 at 11:06 pm
Property Features for 2960 4th SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Z4 - Multi-Use District
- Standard status
- Active
- Size
- 5,858 SF
- Lot size
- 1.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PCL 'B' L 1 WESTGATE 1ST ADD AS DESC IN SURV 2024-
- Tax Annual Amount
- 20748
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Stucco
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent KRYSTLE HESSE License #B56732 (641) 430-7654
Listing office REALTY ONE GROUP WELCOME HOME 2227 19th St. SW, Mason City, IA (641) 357-4663
Listing date Oct 9, 2025
MLS# 250733
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.
HighLights
- Fully remodeled and leased building, providing immediate income.
- Prime location in Mason City with high visibility along a major highway.
- Surrounded by top retailers (Menards, Target, Fleet Farm), ensuring consistent traffic.
- Currently operating as a restaurant with updated equipment and layout.
- Beautiful stucco exterior and new roof.
- Ample parking and strong traffic counts.
Overview
This fully remodeled and leased building is located in Mason City. The property features a stucco exterior and a new roof, with modern updates inside and out. Currently operating as a restaurant, the building includes updated equipment and layout. Situated along a major highway, the property benefits from high visibility and is surrounded by retailers such as Menards, Target, and Fleet Farm. The property has ample parking and experiences strong traffic counts. The building size is 5858 square feet and the lot size is 1.14 acres. The zoning is Z4 - Multi-Use District. This property is suitable for commercial real estate and conventional restaurant use.
Local Financial Insights For Specialty 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 | $87.9k | $15.00 |
| − Vacancy | −$6.6k | −$1.13 |
| EGI | $81.3k | $13.88 |
| − OpEx | −$20.3k | −$3.47 |
| NOI | $61.0k | $10.41 |
5,858 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$870.9K
$762.0K – $1.02M
NOI $60,960 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$646.7K
$565.9K – $754.5K
NOI $45,271 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,936 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Mason City
- County
- Cerro Gordo
- State
- Iowa
- Longitude
- -93.244923
- Latitude
- 43.148926
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Leased restaurant building in prime location with modern updates.
Where is this conventional restaurant located?
The property is located at 2960 4th SW Mason City, IA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully remodeled and leased building, providing immediate income.; Prime location in Mason City with high visibility along a major highway.; Surrounded by top retailers (Menards, Target, Fleet Farm), ensuring consistent traffic.
