Historic Brick Three-Story Office
For Sale
$800,000
122-124 N Federal, Mason City, IA 50401
SINGLE_FAMILY - MASON CITY, IA
Property Size16,665 SF
Price / SF$48
Days on Market194
Property Features for 122-124 N Federal
General Information
Property type
Residential
Property subtype
Office
Zoning
Z3 - General Urban Distri
Subdivision
Northwest
Standard status
Active
Size
16,665 SF
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
5422
Legal Description
Lots 1-2 & N 44' L 4 SUB L1 Blk 10 Paul Felts Plat
Utilities
Cooling system
Central Air
Building Details
Year built
1912
Floors in Building
3
Building materials
Brick Veneer
Architectural style
Other, Historical
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: Aug 10
Last Checked: Aug 29 at 3:06PM
MLS# 260199
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.
This historic three-story brick veneer office building offers approximately 16,665 SF of leasable space and has undergone major upgrades throughout. Improvements include brand new windows and exterior entrance doors, a new membrane roof, and rooftop solar units supported by a solar power system. Renovations also include new stairwells and fire escapes, supporting efficient movement between levels.
The property is located on the corner of North Federal and 2nd Street NW in Mason City, Iowa, and is served by central air conditioning. The building provides leasing flexibility with two main level office suites, including Unit 122 (approximately 1,450 SF) and Unit 124 (approximately 2,317 SF). A second-floor executive-sized 6-office suite is approximately 3,487 SF, and the third floor features the former Historic Elks Club Ballroom at approximately 3,820 SF plus an approximately 1,363 SF mezzanine, for a total approximately 5,183 SF.
The building is zoned Z3 - General Urban Distri.
The property is located on the corner of North Federal and 2nd Street NW in Mason City, Iowa, and is served by central air conditioning. The building provides leasing flexibility with two main level office suites, including Unit 122 (approximately 1,450 SF) and Unit 124 (approximately 2,317 SF). A second-floor executive-sized 6-office suite is approximately 3,487 SF, and the third floor features the former Historic Elks Club Ballroom at approximately 3,820 SF plus an approximately 1,363 SF mezzanine, for a total approximately 5,183 SF.
The building is zoned Z3 - General Urban Distri.
Key Highlights
- Approximately 16,665 SF of leasable space in a three‑story historic brick veneer office building
- Brand new windows and exterior entrance doors throughout the building
- New membrane roof plus rooftop solar units and a solar power system
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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 - Upgraded downtown Mason City office building with brand new windows, exterior doors, central air, and rooftop solar system
Where is this office building located?
The property is located at 122-124 N Federal 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 historic brick veneer office building; Brand new windows and exterior entrance doors throughout the building; New membrane roof plus rooftop solar units and a solar power system
