Commercial Real Estate Market in Mason City, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
120 active listings and 1,919 off-market properties in Mason City, IA. Commercial property asks $94/SF to buy and $48.55/SF/Yr to lease.
Market Trends
Mason City, IA spans 148.2 square miles in Cerro Gordo County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mason City, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Mason City, IA asks $184/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mason City, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Mason City, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Mason City, IA has 28,981 residents in 14,746 households. Density runs 196 people per square mile. Median household income here is $63,807 and median gross rent $868 a month.
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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Portland | — | — |
| Emery | — | — |
| Freeman | — | — |
| Hanford | — | — |
Commercial property in Mason City, IA asks $94/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mason City?
Commercial property in Mason City, IA asks an average of $94 per square foot. The 5 most recent recorded sales traded at a median of $31/SF, so asking sits 206% above the achieved median. Retail carries the highest asking price at $184/SF.
How much does it cost to lease commercial space in Mason City?
Asking lease rates in Mason City, IA average $48.55 per square foot per year.
Where does Realmo's Mason City market data come from?
Realmo compiles Mason City, IA figures from 7 recent recorded sales, 85 active sale listings, 35 active lease listings, 1,919 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 85 active for-sale and 35 active for-lease listings in Mason City, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
