Two-Story Office
For Sale
Contact for pricing
17 N Federal #19, Mason City, IA 50401
COMMERCIAL/INDUSTRIAL, 2 Story, MASON CITY, IA
Property Size2,380 SF
Days on Market203
Property Features for 17 N Federal #19
General Information
Property type
Residential
Property subtype
Office
Zoning
C-CBD/C BUS COM
Subdivision
Northeast
Standard status
Active
Size
2,380 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT 19 NORTH FEDERAL CONDOS
Tax Annual Amount
3736
Legal Description
UNIT 19 NORTH FEDERAL CONDOS
Utilities
Cooling system
Central Air
Amenities
kitchen/break area
Building Details
Year built
1925
Floors in Building
2
Building materials
Brick Veneer
Architectural style
Other
Listing Agency:
HILDEBRAND REAL ESTATE
(641) 423-5055
Listed By:
TIMOTHY LATHAM · License #S44162
(641) 425-0363
Added: Apr 14
Changed: Oct 18
Last Checked: Nov 2 at 11:06AM
MLS# 260230
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 two-story office property provides 2,380 square feet of commercial workspace at 17 N Federal #19. The building includes a kitchen and break area, along with two bathrooms, central air conditioning, and brick veneer construction. Built in 1925, the property is zoned C-CBD/C BUS COM.
The office is positioned downtown with views over Central Park. Its configuration and existing work-oriented improvements provide a defined setting for professional office operations in Mason City.
The office is positioned downtown with views over Central Park. Its configuration and existing work-oriented improvements provide a defined setting for professional office operations in Mason City.
Key Highlights
- 2,380 square feet of office workspace
- Two‑story office property with kitchen and break area
- Two bathrooms and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,683
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,660
$613.7K
Cap Rate 7%
$438,329
$438.3K
Cap Rate 9%
$340,922
$340.9K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$49.4K $20.76/SF
− Vacancy
−$8.5K −$3.57/SF
EGI
$40.9K $17.19/SF
− OpEx
−$10.2K −$4.30/SF
NOI
$30.7K $12.89/SF
Area
Cerro Gordo County, IA
Vacancy
17.20%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,660
Cap Rate 7%
$438,329
Cap Rate 9%
$340,922
Alternative Uses
Best Use
Office B
$438.3K
$383.5K – $511.4K
NOI $30,683 @ 7.0% cap · market cap 3,068,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 4,182,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Professional workspace includes a kitchen, break area, and two bathrooms.
Where is this office unit located?
The property is located at 17 N Federal #19 Mason City, IA.
What are key features of this property?
This property features: 2,380 square feet of office workspace; Two‑story office property with kitchen and break area; Two bathrooms and central air conditioning
