Historic Office Building with
For Lease
Contact for pricing
122-124 N Federal, Mason City, IA 50401
COMMERCIAL/INDUSTRIAL, 3 Story, Historical, MASON CITY, IA
Space Size2,317 SF - 5,183 SF
Property Size16,665 SF
Days on Market241
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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 Description
Lots 1-2 & N 44' L 4 SUB L1 Blk 10 Paul Felts Plat
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: Oct 14
Last Checked: Oct 15 at 2:06PM
MLS# 260086
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 three-story office property, built in 1912, contains 16,665 square feet of leasable area across five suites; two are currently leased. Available spaces include a 2,317-square-foot suite on the main level, a second-floor suite with six offices and 3,487 square feet, and a third-floor ballroom with 3,820 square feet plus a 1,363-square-foot mezzanine. Building improvements include replacement windows and entrance doors, a new membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escapes. Central air conditioning and brick veneer construction are also noted.
At 122-124 N Federal, the property occupies a corner in downtown Mason City, at North Federal and 2nd Street NW. Zoning is listed as Z3 – General Urban Distri. The building previously housed Vance Music Store, where composer and bandmaster Meredith Wilson worked; the third-floor ballroom was formerly used by the Elks Club.
At 122-124 N Federal, the property occupies a corner in downtown Mason City, at North Federal and 2nd Street NW. Zoning is listed as Z3 – General Urban Distri. The building previously housed Vance Music Store, where composer and bandmaster Meredith Wilson worked; the third-floor ballroom was formerly used by the Elks Club.
Key Highlights
- 16,665 square feet of leasable office area in a three‑story building
- Five suites, with two currently leased
- Main‑level suite: 2,317 square feet; second‑floor, six‑office suite: 3,487 square feet
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
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
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Office suites in a renovated downtown property include main-level, executive, and former ballroom space.
Where is this office units located?
The property is located at 122-124 N Federal Mason City, IA.
What are key features of this property?
This property features: 16,665 square feet of leasable office area in a three‑story building; Five suites, with two currently leased; Main‑level suite: 2,317 square feet; second‑floor, six‑office suite: 3,487 square feet
