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
Days on Market260
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
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: Oct 23
Last Checked: Nov 2 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This three-story office property in downtown Mason City contains 16,665 square feet of leasable space across five suites, two of which are leased. Available options include a 2,317-square-foot main-level suite, a 3,487-square-foot second-floor suite with six offices, and a third-floor former ballroom with 3,820 square feet plus a 1,363-square-foot mezzanine. The building dates to 1912 and has brick veneer construction and central air conditioning.
Building improvements include replacement windows and exterior entry doors, a new membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escape. The property occupies a corner at North Federal and 2nd Street NW in downtown Mason City. It is within a designated Opportunity Zone.
Building improvements include replacement windows and exterior entry doors, a new membrane roof, rooftop solar units with a solar power system, and renovated stairwells and fire escape. The property occupies a corner at North Federal and 2nd Street NW in downtown Mason City. It is within a designated Opportunity Zone.
Key Highlights
- 16,665 Sq Ft of leasable space in a three‑story building
- Five suites; two are currently leased
- Main‑level suite: 2,317 Sq Ft
Property Analytics
Who owns this building?
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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
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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
$63.87 /SF/Yr
Avg Asking Price
$6.83–$225 /SF/Yr
Price Range
12,889 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple suites offer office configurations, including a main-level unit and a six-office executive suite.
Where is this office unit 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 Sq Ft of leasable space in a three‑story building; Five suites; two are currently leased; Main‑level suite: 2,317 Sq Ft
