For Sale

Principal Financial Building

111 W State Street, Mason City, IA 50401

Immerse yourself in the vibrant city of Mason City, IA, an ideal location for your next office investment or lease. The area offers a dynamic mix of cultural and recreational attractions, including the Frank Lloyd Wright Stockman House, Music Man Square, and the MacNider Art Museum. Enjoy the convenience of nearby dining and retail options, with easy access to major highways and transportation routes. Experience the rich architectural heritage of Mason City while exploring the diverse business opportunities that this thriving market has to offer. The Principal Financial Building provides a prime location to immerse yourself in the energy and potential of this bustling community.Single-tenant NNN office lease with Principal Life Insurance Company with just over 1 year remaining on lease. The Mason City market labor force serves as Principal Financial Group's pension account services. This investment opportunity includes annual rent increases of 1%. The Landlord is responsible for roof, foundation, underground, structural and exterior walls.$12 sq. ft. lease rate Net

Key features

  • - 113,022 SF modern office building with 6 units
  • - Built in 1990, renovated in 2018 for updated appeal
  • - Zoned Z-5 Central Business District for versatile use
  • - Prime location in the bustling Mason City area
  • - Impressive 100% occupancy for immediate income
  • - Modern amenities and features for tenant convenience
  • - Well-maintained property for minimal maintenance concerns
  • - Potential for strong and stable rental income
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Patrick Graham

SVN | CREATE Commercial Real Estate Advisors

Building Details

  • For Sale Negotiable
  • Property Type Office - General Office
  • Property Size 113,022 SF
  • Units 6
  • Lot Size 8.21 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 450
  • Parking Ratio 5.00 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1990
  • Year Renovated 2018
  • Date Updated Nov 30, 2024

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (79)

  • Transit Score ®

    Some Transit (30)

  • Bike Score ®

    Biker's Paradise (93)
Powered by Walk Score ®

Location

  • City Mason City, IA
  • Zip Code 50401

Points of Interest

Kwik Star

0.94 miles

Yesway

0.95 miles

Kum & Go

1.27 miles

Hy-Vee Gas

1.67 miles

Pilot

7.86 miles

Hardee's

0.39 miles

Culver's

0.41 miles

Wendy's

0.72 miles

Domino's

0.76 miles

KFC

1.12 miles

Pizza Ranch

1.13 miles

Patrick's

1.16 miles

McDonald's

1.21 miles

Jimmy John's

1.42 miles

Fareway

0.34 miles

Hy-Vee

0.61 miles

Willowbrook Mall

1.17 miles

Kmart

1.47 miles

ALDI

2.39 miles

TJ Maxx

2.42 miles

Target

2.51 miles

Walmart Supercenter

2.99 miles

Larson's Mercantile

9.02 miles

Mason City Police Department

0.34 miles

Mason City Surgery Center

0.56 miles

Hy-Vee Pharmacy

0.61 miles

Mason City Clinic

0.63 miles

MercyOne North Iowa Medical Center

0.66 miles

Forest Park Clinic

0.71 miles

MercyOne North Iowa Cancer Center

0.72 miles

North Iowa Mercy Health Center - West Campus

3.05 miles

Plymouth Fire Department (storage)

7.40 miles

111 W State Street Listing Summary

  • What is the asking price at Principal Financial Building?

    The asking price for Principal Financial Building is currently available on demand. Contact the listing broker for details.

  • What is the total size of Principal Financial Building?

    Principal Financial Building has a total of 113,022 square feet.

  • What is the year built for Principal Financial Building?

    The year built for Principal Financial Building is 1990.

Contact Listing Broker
broker
Patrick Graham

SVN | CREATE Commercial Real Estate Advisors