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2960 4th St SW 5,858 SF Retail Building Mason City, IA 50401 $1,798,407 CAD ($307.00 CAD/SF) 7.38% Cap Rate
EXECUTIVE SUMMARY
Fully remodeled, fully functional and leased building in prime Mason City location! Featuring a beautiful stucco exterior, new roof, and extensive modern updates inside and out. This high-visibility property sits along a major highway surrounded by top retailers including Menards, Target & Fleet Farm. Currently operating as a restaurant with updated equipment and layout, offering excellent exposure, ample parking, and strong traffic counts. Perfect for an investor seeking a ready-to-go commercial opportunity!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,858 SF
Building Class
C
Year Built
1984
Price
$1,798,407 CAD
Price Per SF
$307.00 CAD
Cap Rate
7.38%
NOI
$132,722 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.14 AC
Zoning
Z4 - Arterial Commercial Zoning.
Parking
199 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
647’ on 4th Street Southwest
AMENITIES
- Drive Thru
- Accent Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-07-277-03-200 | Improvements Assessment | $461,199 CAD |
| Land Assessment | $583,124 CAD | Total Assessment | $1,044,323 CAD |
PROPERTY TAXES
Parcel Number
07-07-277-03-200
Land Assessment
$583,124 CAD
Improvements Assessment
$461,199 CAD
Total Assessment
$1,044,323 CAD
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2960 4th St SW
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