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Single-Story Office Building
For Sale
Under Contract
$150,000

404 S Monroe, Mason City, IA 50401

COMMERCIAL/INDUSTRIAL, 1 Story, MASON CITY, IA

Property Size2,400 SF
Price / SF$62.50
Days on Market94

Property Features for 404 S Monroe

General Information

Property type Residential
Property subtype Office
Zoning Z4 - Multi-Use District
Subdivision Southwest
Standard status Active Under Contract
Size 2,400 SF

Taxes and HOA fees

Tax Year 2025
Tax Description Long, see agent remarks
Tax Annual Amount 4426
Legal Description Long, see agent remarks

Utilities

Cooling system Central Air

Building Details

Year built 1961
Floors in Building 1
Building materials Block, Brick Veneer, Frame, Vinyl
Roof type Asphalt
Architectural style Other
Listing Agency: HILDEBRAND REAL ESTATE
Listed By: TIMOTHY LATHAM · License #S44162
Added: Jun 26 Changed: Sep 25 Last Checked: Sep 27 at 2:06PM
MLS# 260452

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.

This 2,400-square-foot office building, constructed in 1961, offers a main level with a spacious reception area, five offices, and two bathrooms. The lower level has been recently updated and remodeled, adding an office, kitchen area, storage, and room for additional offices. A single-stall garage is also included.

The property provides parking both in front of and behind the building and is located in Mason City, IA. Improvements include a new roof installed in 2023, central air conditioning, an alarm system, and block, brick veneer, frame, and vinyl construction. The property is zoned Z4 - Multi-Use District.

Key Highlights

  • 2,400‑square‑foot office building in Mason City, IA
  • Main level includes reception area, 5 offices, and 2 bathrooms
  • Recently updated and remodeled lower level with office, kitchen area, and storage

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Auto Repair Shop Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,499
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

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
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Frequently Asked Questions

What type of property is this?
Office building - Office property with a remodeled lower level, front and rear parking, and a flexible multi-room layout.
Where is this office building located?
The property is located at 404 S Monroe Mason City, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,400‑square‑foot office building in Mason City, IA; Main level includes reception area, 5 offices, and 2 bathrooms; Recently updated and remodeled lower level with office, kitchen area, and storage
More about this property
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