Three-Story Office Building with
For Sale
$695,000
122-124 N Federal Avenue, Mason City, IA 50401
Commercial Sale, Mason City, IA
Property Size16,665 SF
Price / SF$41.70
Days on Market253
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
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 1-2 & N 44' L 4 sUB L1 Blk 10 Paul Felts Plat.
Tax Annual Amount
7744
Legal Description
Lots 1-2 & N 44' L 4 sUB L1 Blk 10 Paul Felts Plat.
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ductless
Water source
Public
Building Details
Year built
1912
Number of units
4
Flooring type
Carpet, Wood
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Roger Flieth
(641) 420-5635
Added: Feb 16
Changed: Oct 24
Last Checked: Oct 27 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This three-story brick office property at 122-124 N Federal Avenue in Mason City contains 16,665 square feet of leasable area across five suites, two of which are leased. Available configurations include a 2,317-square-foot main-level suite with seven rooms and an upper mezzanine, a 3,487-square-foot second-floor suite with six offices, and a third-floor space totaling 5,183 square feet, including its mezzanine.
Building improvements include new windows and exterior entrance doors throughout, a replacement membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escape. The property is zoned Business/Commercial and dates to 1912.
Building improvements include new windows and exterior entrance doors throughout, a replacement membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escape. The property is zoned Business/Commercial and dates to 1912.
Key Highlights
- Three‑story brick office building with 16,665 square feet of leasable space
- Five suites; two are currently leased
- Main‑level suite includes 2,317 square feet, seven rooms, and an upper mezzanine
Property Analytics
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Current Use
Lease Details
5
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Five suites provide a mix of currently leased space and additional office suites available for lease.
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 $695,000.
What are key features of this property?
This property features: Three‑story brick office building with 16,665 square feet of leasable space; Five suites; two are currently leased; Main‑level suite includes 2,317 square feet, seven rooms, and an upper mezzanine
