Principal Financial Building

For Sale

111 W State Street, Mason City, IA 50401

This Mason City property for sale is located at 111 W State Street. The general use of Principal Financial Building is office and it incorporates 113,022 square feet of class A office space. Contact the listing broker for details on the current sale price for Principal Financial Building. Principal Financial Building is situated on a lot that is 8.21 acre in size.

Contacts

broker
Patrick Graham

SVN | CREATE Commercial Real Estate Advisors

Property Details

  • 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
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
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Highlights

  • - 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

Attachments

Getting around

  • 79/100

    Walk Score ®

  • 30/100

    Transit Score ®

  • 93/100

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Location

  • City Mason City, IA
  • Zip Code 50401

Points of Interest

  • Casey's General Store

    0.48 miles

  • Kwik Star

    0.94 miles

  • Yesway

    0.95 miles

  • Kum & Go

    1.27 miles

  • Hy-Vee Gas

    1.67 miles

  • Pilot

    7.86 miles

  • Metalcraft Parking Lot

    2.47 miles

  • Park Inn (historic Frank Lloyd Wright)

    0.09 miles

  • Econo Lodge Inn & Suites

    0.28 miles

  • Comfort Inn & Suites

    0.34 miles

  • Hampton Inn

    1.54 miles

  • Days Inn by Wyndham Mason City

    1.63 miles

  • Super 8 by Wyndham Mason City

    2.17 miles

  • Holiday Inn Express & Suites

    2.19 miles

  • Country Inn & Suites

    3.05 miles

  • Fairfield Inn & Suites

    7.59 miles

  • Super 8 by Wyndham Clear Lake

    7.73 miles

  • Younker's

    0.19 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Patrick Graham

SVN | CREATE Commercial Real Estate Advisors