For Sale
$2,200,000

2781 4th Street Northwest Mason City, IA 50401

Diverse Income-Generating Portfolio in Iowa

Overview

Added:
Jan 9
Days on market:
103
This exceptional investment opportunity encompasses a diverse portfolio of income-producing properties located at 2781 4th Street Northwest, Mason City, IA, 50401, totaling 40,000 square feet on a 0.92-acre lot. The portfolio offers a balanced mix of asset classes, including hospitality, residential, commercial, and entertainment/dining. The hospitality component features a motel with fourteen rooms and eighteen extended-stay units, catering to both short-term and long-term guests. The residential holdings consist of two five-plexes and three duplexes, providing stable rental income. Commercial properties include three flexible buildings suitable for mixed-use tenants, and a stand-alone retail building ideal for retail or service-based businesses. Rounding out the portfolio is a fully operational bar/restaurant, presenting further income potential. This portfolio presents a compelling opportunity for investors seeking consistent cash flow and diversification across multiple revenue streams. The properties are offered at $2,200,000. Significant upside potential exists due to below-market rents and successful in-place business operations.

Highlights

  • Diverse portfolio includes motel, extended-stay units, and multifamily properties.
  • Features three flex buildings and a stand-alone retail building.
  • Includes a fully operational bar/restaurant with significant revenue potential.

Property Details for 2781 4th Street Northwest

Property type
Specialty properties, Retail properties
Square Feet
40,000 SF
Price / Square Foot
$55
Elevators
N/A
Lot Size (sq. ft)
40,000 SF

Location Insight

City
Mason City
County
State
Iowa

FAQs

What type of property is this?
Specialty property - Diverse Income-Generating Portfolio in Iowa
Where is the specialty property located?
The property is located at 2781 4th Street Northwest Mason City, IA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Diverse portfolio includes motel, extended-stay units, and multifamily properties.; Features three flex buildings and a stand-alone retail building.; Includes a fully operational bar/restaurant with significant revenue potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2781 4th Street Northwest
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