Historic Brick Office Building with
For Sale
$800,000
122-124 N Federal Avenue, Mason City, IA 50401
COMMERCIAL - Other - Mason City, IA
Property Size16,665 SF
Price / SF$48
Days on Market195
Property Features for 122-124 N Federal Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial
Parking features
On Street
Lot features
Corner Lot
Directions
Call Roger Flieth. 641-420-5635
Standard status
Active
APN
070923500400
Taxes and HOA fees
Tax Year
2024
Tax Description
Lots 1-2 & N 44' L 4 sUB L1 Blk 10 Paul Felts Plat.
Tax Annual Amount
1
Legal Description
Lots 1-2 & N 44' L 4 sUB L1 Blk 10 Paul Felts Plat.
Utilities
Heating system
Forced Air
Cooling system
Ductless, Central Air
Water source
Public
Amenities
solar power system
Building Details
Year built
1912
Number of units
4
Flooring type
Wood, Carpet
Building materials
Brick
Architectural style
Other
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Roger Flieth · License #107
(641) 420-5635
Added: Feb 16
Changed: Aug 7
Last Checked: Aug 30 at 12:06AM
MLS# 6336951
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A three-story historic brick office building featuring approximately 16,665 SF of leasable space. Built in 1912, the building has undergone major upgrades, including brand new windows and exterior entrance doors throughout, a new membrane roof, and renovated stairwells and fire escapes. Heating is forced air, with central air and ductless cooling supported for tenant comfort. Flooring includes carpet and wood, and the building is served by public water.
The property is located on a corner at North Federal Avenue and 2nd Street NW in Mason City, within Business/Commercial zoning. Parking is available on-street.
Leasing options include two main-level office suites, with unit 122 at 1,450 SF and unit 124 at 2,317 SF. The second floor offers an executive-sized 3,487 SF, six-office suite. The third floor was the former Historic Elks Club Ballroom, with 3,820 SF plus a 1,363 SF mezzanine for a total of 5,183 SF.
The property is located on a corner at North Federal Avenue and 2nd Street NW in Mason City, within Business/Commercial zoning. Parking is available on-street.
Leasing options include two main-level office suites, with unit 122 at 1,450 SF and unit 124 at 2,317 SF. The second floor offers an executive-sized 3,487 SF, six-office suite. The third floor was the former Historic Elks Club Ballroom, with 3,820 SF plus a 1,363 SF mezzanine for a total of 5,183 SF.
Key Highlights
- Approximately 16,665 SF of leasable space in a three‑story brick office building
- Brand new windows and exterior entrance doors throughout the entire building
- New membrane roof plus rooftop solar units and a solar power system
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 50401, IA
28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story brick office building with rooftop solar, upgraded windows and entrances, and multiple main- and upper-level office suites.
Where is this office building located?
The property is located at 122-124 N Federal Avenue Mason City, IA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 16,665 SF of leasable space in a three‑story brick office building; Brand new windows and exterior entrance doors throughout the entire building; New membrane roof plus rooftop solar units and a solar power system
