2703 19th SW St Mason City, IA 50401-6239
This well-maintained 1910 commercial building at 2703 19th St SW, Mason City, IA 50401, is offered at $128,900. The property features two main-level commercial units, ideal for a variety of businesses or uses. Adding to its income potential is a leased two-bedroom apartment located on the upper level, providing a consistent rental stream. The building boasts excellent visibility and convenient off-street parking, enhancing its appeal to both tenants and customers. Its history as a cash-flowing asset demonstrates its strong potential for continued profitability. This multi-purpose property presents a compelling opportunity for investors seeking a stable income stream or entrepreneurs looking to establish their own business in a desirable location within Cerro Gordo County. The traditional office space offers flexibility and the existing apartment provides additional revenue. This is a turnkey opportunity with established income and significant upside potential. The property's location in Mason City, Iowa, offers easy access to local amenities and transportation routes. This is a rare chance to acquire a well-established commercial property with a proven track record.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.