www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27211462
27211470

123 1st St SE, Mason City, IA 50401

BS
IA 43980000, IA IA B43980000
Schoneman Realtors
Listed by Schoneman Realtors
$699,000
251 days on market
Updated 16 days ago

123 1st SE

Details
APN 071015600400
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 9,256
Units 3
Cap Rate 8.3%
NOI $58,000
Lease Type NNN
Price per SqFt $76
Broker Co-Op Yes
Class B
Year Built 1945
Year Renovated 2021
Buildings 1
Lot Size (SqFt) 13,948
Zoning z5
Investment Type Stabilized
Ownership LG Properties, LLC

Office | 8.30% CAP | 9,256 SqFt

Marketing description

Introducing a prime investment opportunity in Mason City, IA!

Presenting Spring Harbor Office Building, located at 123 First St SE. This 9256 SF office building is fully leased, offering a solid $58,000 NOI with established tenants and the potential for further expansion with 1500 SF available. With an attractive 8.3% CAP rate, this property is a lucrative asset. Positioned close to downtown Mason City, this office space is highly sought-after for its convenient location and high tenant demand. This is a sound investment opportunity not to be missed. Whether you're looking to expand your real estate portfolio or secure a reliable income stream, this property offers both stability and growth potential.

Broker owned property and would consider management after the sale.

Conservative rents and should be solid for years to come.

Call with any questions! Brett Schoneman. 641-425-1233

Investment highlights

Listing Contacts

BS
IA 43980000, IA IA B43980000
Schoneman Realtors
Listed by Schoneman Realtors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,000.00
$4,833.33/mo

Valuation Metrics

0
DSCR
8.3%
Cap Rate
8.3%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Brett Schoneman
License
43980000
Brokerage Phone
641-423-0500
Title
IA
Brokerage Address
1819 4th Street Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591