Historic Multi-Suite Office
For Lease
Contact for pricing
122-124 N Federal Avenue, Mason City, IA 50401
Commercial Lease, Mason City, IA
Space Size1,450 SF - 5,183 SF
Property Size16,665 SF
Days on Market223
Property Features for 122-124 N Federal Avenue
General Information
Property type
Commercial Lease
Property subtype
Other
Parking features
On Street
Directions
Call Roger Flieth. 641-420-5635
Standard status
Active
APN
070923500400
Taxes and HOA fees
Tax Year
2024
Tax Description
For Lease Only. Lots 1-2 & N 44' L 4 sUB L1 Blk 10 Paul Felts Plat.
Tax Annual Amount
1
Legal Description
For Lease Only. Lots 1-2 & N 44' L 4 sUB L1 Blk 10 Paul Felts Plat.
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
solar power system
Building Details
Year built
1912
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Roger Flieth · License #107
(641) 420-5635
Added: Feb 16
Changed: Sep 7
Last Checked: Sep 27 at 6:06PM
MLS# 6335631
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.
Investment Insights
Based on property information with market context.
This 1912 brick office property offers 16,665 Sq Ft of leasable space across a historic three-story building. Available configurations range from a ground-floor three-room suite with a kitchenette and two half baths to larger office arrangements with reception areas, multiple private rooms, and mezzanine space. The former Elks Club ballroom occupies 3,820 Sq Ft on the third floor and connects to a 1,363 Sq Ft mezzanine, creating a total 5,183 Sq Ft configuration.
Recent property improvements include new windows and exterior entrance doors, a new membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escapes. The building has central air, forced-air heating, public water, and on-street parking. It is located at the corner of North Federal Avenue and 2nd Street NW in downtown Mason City.
Recent property improvements include new windows and exterior entrance doors, a new membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escapes. The building has central air, forced-air heating, public water, and on-street parking. It is located at the corner of North Federal Avenue and 2nd Street NW in downtown Mason City.
Key Highlights
- 16,665 Sq Ft of leasable office space in a 1912 brick building
- Multiple suite configurations, including private offices, reception areas, kitchenette space, and mezzanines
- Third‑floor ballroom measures 3,820 Sq Ft with a 1,363 Sq Ft mezzanine
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.27 /SF/Yr
CAM
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
This space is priced 86% below the average of $60.19 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office configurations in an upgraded downtown building with central air, forced-air heat, and public water service.
Where is this office units located?
The property is located at 122-124 N Federal Avenue Mason City, IA.
What are key features of this property?
This property features: 16,665 Sq Ft of leasable office space in a 1912 brick building; Multiple suite configurations, including private offices, reception areas, kitchenette space, and mezzanines; Third‑floor ballroom measures 3,820 Sq Ft with a 1,363 Sq Ft mezzanine
