Third-Floor Ballroom Office
For Sale
Contact for pricing
122 1/2 A N Federal, Mason City, IA 50401
SINGLE_FAMILY - MASON CITY, IA
Property Size5,183 SF
Price / SF$0.57
Days on Market195
Property Features for 122 1/2 A N Federal
General Information
Property type
Residential
Property subtype
Office
Zoning
Z3 - General Urban Distri
Subdivision
Northwest
Standard status
Active
Taxes and HOA fees
Tax Description
For Lease Only
Legal Description
For Lease Only
Building Details
Year built
1912
Floors in Building
3
Building materials
Brick Veneer
Architectural style
Other
Listing Agency:
CENTURY 21 PREFERRED · Century 21 Real Estate
(641) 424-9400
Listed By:
ROGER FLIETH · License #107
(641) 420-5635
Added: Feb 16
Changed: Jun 22
Last Checked: Aug 30 at 12:06AM
MLS# 260089
Copyright © 2026 Greater Mason City Board of Realtors. 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.
Suite 122 1/2A is the entire 3rd-floor ballroom in the Historic Elks Club Building, offering wide-open space along with a 3-room mezzanine level. The layout includes a main ballroom area plus a separate mezzanine level, and the suite has bathroom facilities on the same floor. The building also includes three additional rooms that could be developed to expand the usable plan. Recent exterior improvements include brand-new windows and exterior entrance doors throughout the building, along with a new membrane roof. A new full fire escape stairwell has also been added.
The space is located at 122 1/2A N Federal Ave in downtown Mason City, Iowa. This is a lease space offering, and the landlord pays gas, electricity, and water for the property. The landlord would consider negotiating rent for tenant leasehold improvements.
This configuration can work for tenants seeking an open, flexible environment—such as an office or networking suite with room to create zones—while also fitting creative or training uses. The suite’s ballroom scale and mezzanine level provide options for artist studio formats, exercise or movement-based operations, and instructional uses like dance or karate, subject to tenant fit and applicable requirements. With bathroom facilities already on the floor, the space supports a self-contained day-to-day tenant operation.
The space is located at 122 1/2A N Federal Ave in downtown Mason City, Iowa. This is a lease space offering, and the landlord pays gas, electricity, and water for the property. The landlord would consider negotiating rent for tenant leasehold improvements.
This configuration can work for tenants seeking an open, flexible environment—such as an office or networking suite with room to create zones—while also fitting creative or training uses. The suite’s ballroom scale and mezzanine level provide options for artist studio formats, exercise or movement-based operations, and instructional uses like dance or karate, subject to tenant fit and applicable requirements. With bathroom facilities already on the floor, the space supports a self-contained day-to-day tenant operation.
Key Highlights
- Historic Elks Club Building lease space: 3rd floor ballroom plus a 1,363 SF 3‑room mezzanine level
- Total available space is 5,183 SF (3,820 SF ballroom and 1,363 SF mezzanine)
- Building updates include brand new windows, new exterior entrance doors, and a new membrane roof
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Large open ballroom with mezzanine level and on-floor restrooms, refreshed exterior, in a historic downtown setting.
Where is this office units located?
The property is located at 122 1/2 A N Federal Mason City, IA.
What are key features of this property?
This property features: Historic Elks Club Building lease space: 3rd floor ballroom plus a 1,363 SF 3‑room mezzanine level; Total available space is 5,183 SF (3,820 SF ballroom and 1,363 SF mezzanine); Building updates include brand new windows, new exterior entrance doors, and a new membrane roof
