Historic Office
For Lease
Contact for pricing
122-124 N Federal Avenue, Mason City, IA 50401
COMMERCIAL - Other - Mason City, IA
Space Size1,450 SF - 5,183 SF
Property Size16,665 SF
Days on Market177
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
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 #B43478
(641) 420-5635
Added: Feb 16
Changed: Aug 4
Last Checked: Aug 12 at 10:06AM
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 approximately 16,665 square feet of leasable space across a three-story historic building. Available configurations include a ground-floor three-room suite with a kitchenette and separate men’s and women’s half baths, a seven-room office suite with an upper mezzanine, and larger full-floor options. The second floor contains 3,487 square feet with six offices and a reception area. The third floor includes the former Elks Club Ballroom, along with a three-room mezzanine, totaling 5,183 square feet.
Recent building improvements include new windows, exterior entrance doors, a membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escapes. The property has forced-air heating, central air conditioning, public water, and on-street parking. Individual office rooms may also be available, providing additional leasing flexibility within the building.
Recent building improvements include new windows, exterior entrance doors, a membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escapes. The property has forced-air heating, central air conditioning, public water, and on-street parking. Individual office rooms may also be available, providing additional leasing flexibility within the building.
Key Highlights
- 16,665 square feet of leasable office space in a 1912 historic brick building
- Second‑floor suite includes 3,487 square feet, six offices, and a reception area
- Third‑floor offering totals 5,183 square feet with a 3,820‑square‑foot ballroom and 1,363‑square‑foot mezzanine
Property Analytics
Property Profile
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
17
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
$82.38 /SF/Yr
Avg Asking Price
$7.86–$225 /SF/Yr
Price Range
12,652 SF
Avg Space Size
This space is priced 90% below the average of $82.38 /SF/Yr.
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 - Flexible office suites occupy an upgraded historic building with multiple configurations, mezzanine space, and shared building improvements.
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 square feet of leasable office space in a 1912 historic brick building; Second‑floor suite includes 3,487 square feet, six offices, and a reception area; Third‑floor offering totals 5,183 square feet with a 3,820‑square‑foot ballroom and 1,363‑square‑foot mezzanine
