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Financial
Distress signals
Property profile

1617 Monroe Ave Mason City, IA 50401

OFF-MARKET
Turn key restaurants
Property ID
US25-0615337
6,224 SF 0.86 ac lot Built 1973
Last sale Feb 2017 · $675,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Freestanding restaurant property located in Mason City, Iowa, historically operated as a Pizza Ranch and configured for restaurant and related retail use. The building comprises approximately 5,729 square feet and includes an on-site Fun Zone arcade area. The property has been arranged for a triple-net lease structure with long-term tenant responsibility for operating expenses, and it features a lease design that has been associated with contractual annual rent escalations. The site is situated in a community with a population of more than 26,000 residents.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2024$694k
Assessed land$89k
Assessed improvement$604k
Effective rate2.34%

Value estimate

· Oct 2026
$420k
$378k – $462k
AI approach$265k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$23 – $149

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCERRO GORDO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.3
Restaurant22.4
Law Firm19.9

Location

1617 Monroe Ave Mason City, IA 50401-5618
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
152 5th SW, Mason City, IA 50401-3844 $250,000 Feb 2025 12,038 SF
2960 4th SW, Mason City, IA 50401-1531 $600,000 Oct 2024 5,858 SF
207 6th SW, Mason City, IA 50401-5003 $150,000 Jul 2024 3,366 SF
1617 Federal, Mason City, IA 50401-5750 $45,000 Jun 2024 6,514 SF
22 2nd NE, Mason City, IA 50401-3308 $232,000 Jun 2024 3,066 SF
1303 4th SW, Mason City, IA 50401-2735 $28,500 Apr 2024 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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