Financial
Distress signals
Property profile

2960 4th SW St Mason City, IA 50401

OFF-MARKET
Turn key restaurants
Property ID
US25-0591805
5,858 SF 1.14 ac lot Built 1984
Last sale Oct 2024 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 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

This restaurant property is a stucco commercial building constructed in 1984, with a replaced roof and extensive interior and exterior improvements, including updated equipment and a modernized interior layout. The property is located at 2960 4th Street SW in Mason City, Iowa, on a major highway in an area with nearby retail businesses, including Menards and Target. The site measures 250 by 198 feet, totaling approximately 49,484 square feet, and includes a concrete driveway, supporting a clearly designated commercial setting for restaurant operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value · 2024$741k
Assessed land$416k
Assessed improvement$325k
Effective rate2.56%

Value estimate

· Sep 2026
$600k
$540k – $660k
AI approach$600k
Submarket $/SF estimate$585k

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 agency13.2
Parking Facility11.2
Storage Facility11.0

Location

2960 4th SW St Mason City, IA 50401-1531
County assessor Recorded deeds · 2 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
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
26 2nd NE, Mason City, IA 50401 $232,000 Jun 2024 3,066 SF
28 2nd NE, Mason City, IA 50401-3308 $348,000 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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