Historic Multi-Suite Office
For Lease
Contact for pricing
122-124 N Federal, Mason City, IA 50401
SINGLE_FAMILY - MASON CITY, IA
Space Size1,450 SF - 5,183 SF
Property Size16,665 SF
Days on Market195
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
Amenities
rooftop solar units
solar power system
new windows
new entrance doors
new membrane roof
new stairwells/fire escape renovations
Building Details
Year built
1912
Floors in Building
3
Building materials
Brick Veneer
Architectural style
Historical, 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: Aug 10
Last Checked: Aug 30 at 12:06AM
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 historic office property offers 16,665 square feet of leasable space within a three-story building constructed in 1912. Recent improvements include new windows and exterior entrance doors throughout, a new membrane roof, renovated stairwells and fire escapes, and a rooftop solar array with solar power system. The building is constructed with brick veneer and equipped with central air.
Available configurations include two main-level office suites, including a 1,450-square-foot unit and a 2,317-square-foot unit. The second floor provides a 3,487-square-foot executive suite with six offices. On the third floor, the former historic Elks Club Ballroom contains 3,820 square feet plus a 1,363-square-foot mezzanine. The property is located at 122-124 N Federal in downtown Mason City, at the corner of North Federal and 2nd Street NW, and is zoned Z3 - General Urban Distri.
Available configurations include two main-level office suites, including a 1,450-square-foot unit and a 2,317-square-foot unit. The second floor provides a 3,487-square-foot executive suite with six offices. On the third floor, the former historic Elks Club Ballroom contains 3,820 square feet plus a 1,363-square-foot mezzanine. The property is located at 122-124 N Federal in downtown Mason City, at the corner of North Federal and 2nd Street NW, and is zoned Z3 - General Urban Distri.
Key Highlights
- 16,665 square feet of leasable office space across three stories
- 1912 historic building with brick veneer construction
- Main‑level suites measure 1,450 square feet and 2,317 square feet
Property Analytics
Property Profile
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
Market
Lease Benchmarks for Mason City, IA
$75.34 /SF/Yr
Avg Asking Price
$7.86–$225 /SF/Yr
Price Range
11,781 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Leasing opportunities span three upgraded levels in a historic downtown Mason City property.
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 space across three stories; 1912 historic building with brick veneer construction; Main‑level suites measure 1,450 square feet and 2,317 square feet
