2261 4Th StMason City, IA 50401

Property Details for 2261 4Th St

Year built

2013

Lot size

1.08 AC

Property size (Sq ft)

5,184 SF

Property type

Retail properties

Property subtype

Strip malls

APN

70832600200

APU

70832600200

Description

This exceptional retail property, located at 2261 4th St SW in Mason City, Iowa, offers 2,975 square feet of versatile space ideal for a variety of restaurant concepts or similar businesses. Situated on a main corridor, this single-story building enjoys excellent visibility and accessibility, boasting direct access from the frontage road leading to 4th Street SW (US Highway 218) and Briarstone Drive. The property is located in Cerro Gordo County, zip code 50401, and benefits from high traffic counts due to its strategic location. The building consists of one structure with a total of 2,975 square feet currently available for lease. This presents a unique opportunity for businesses seeking a prominent location with high visibility and convenient access for customers. The space is suitable for multiple tenants, offering flexibility for businesses of varying sizes. This is a single-story building, making it easily navigable and accessible. The property's location on a major thoroughfare ensures significant exposure to potential customers. Serious inquiries are encouraged to explore this outstanding opportunity to establish or expand a business in a thriving Mason City location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,254,415

  6.5%

  $1,157,922

  7%

  $1,075,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $666,770

  Geo Method

  $666,770

• Alternative Use

  Use

  Valuation

  Residential

  $976,750

  Hospitality

  $894,698

  Educational

  $744,378

  Medical

  $769,978

  Retail

  $1,157,922

Location Insight

City

Mason City

County

Cerro Gordo

State

Iowa

Latitude

43.1475

Longitude

-93.235

CBSA code

32380

CBSA name

MASON CITY, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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