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Office Suite with Ballroom
For Lease
$2,950/Mo

122 1/2 A N Federal, Mason City, IA 50401

COMMERCIAL/INDUSTRIAL, 3 Story, MASON CITY, IA

Space Size5,183 SF
Days on Market240

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
Listed By: ROGER FLIETH · License #107
Added: Feb 16 Changed: Oct 13 Last Checked: Oct 14 at 6:06AM
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.

At 122 1/2 A N Federal in Mason City, this office suite occupies the third-floor ballroom and mezzanine of the historic Elks Club Building. The ballroom measures 3,820 square feet, with another 1,363 square feet across three mezzanine rooms, for 5,183 square feet in total. Bathroom facilities are on the same level. The building dates to 1912 and has brick veneer construction.

Building improvements include replacement windows and exterior entrance doors throughout, a membrane roof, and a fire escape stairwell. The open ballroom layout and additional rooms provide a combination of large-format space and smaller enclosed areas.

Key Highlights

  • 5,183 square feet across the third‑floor ballroom and mezzanine
  • 3,820‑square‑foot ballroom with 1,363 square feet of mezzanine space
  • Three mezzanine rooms and bathroom facilities on the same level

Property Analytics

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Current Use

Office Units

Lease Details

NNN (Triple Net)
Lease Type
$1.02 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,083
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Mason City, IA

$60.19 /SF/Yr
Avg Asking Price
$6.83–$225 /SF/Yr
Price Range
11,936 SF
Avg Space Size

This space is priced 89% below the average of $60.19 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - An expansive upper-floor suite combines open assembly space with three mezzanine rooms and bathroom facilities.
Where is this office units located?
The property is located at 122 1/2 A N Federal Mason City, IA.
What is the lease rate?
The lease rate is $2,950/Mo.
What are key features of this property?
This property features: 5,183 square feet across the third‑floor ballroom and mezzanine; 3,820‑square‑foot ballroom with 1,363 square feet of mezzanine space; Three mezzanine rooms and bathroom facilities on the same level
More about this property
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