122-124 N Federal AvenueMason City, IA 50401

Commercial
$800,000 Active

122-124 N Federal Avenue Overview

Time on Site:
86 days
Visits:
12

Historic Downtown Building in Mason City For Sale. Located on the corner of North Federal and 2nd Street NW, this Quality Brick 3 Story building with 16,665 Sq Ft of Leasable space has undergone major upgrades. and well poised for the future. Now with brand new windows and exterior entrance doors throughout the entire building, new membrane roof, a complete array of Rooftop Solar Units and Solar Power System. Brand new Stairwells/Fire Escape renovations. Leasing options available include two main level Office Suites, unit122 features 1450 Sq Ft, unit 124 features 2317 Sq Ft., Second Floor, is executive sized with 3487 Sq Ft 6 Office Suite. Third Floor is the former Historic Elks Club Ballroom with 3820 Sq Ft plus a 1363 Sq Ft Mezzanine for a total of 5183 Sq Ft. Legendary Composer and Bandmaster Meredith Wilson even worked in this building when it was the Vance Music Store.

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122-124 N Federal Avenue Facts & Features

  • Type Commercial

Details

General

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1912

Business Information

  • Current Use: Business,Church,Office,Other,Professional Service,Retail,Vacant

Location/Region

  • County Or Parish: Cerro Gordo
  • Postal City: Mason City

Tax Information

  • Tax Annual Amount: 1
  • Tax Year: 2024

General Information

  • Parcel Number: 070923500400
  • Possible Use: Diversified,Office,Professional/Office,Retail,Other
  • Property Type: Commercial Sale
  • Zoning: Business/Commercial

Interior

Parking Information

  • Garage Spaces: 0

General Information

  • Accessibility Features: None
  • Cooling: Central Air,Ductless
  • Flooring: Carpet,Wood
  • Heating: Forced Air
  • Living Area Units: Square Feet

Exterior

Parking Information

  • Open Parking Spaces: 0
  • Parking Features: On Street

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Dimensions: 44 x 95
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Office
  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4
  • Sewer: City Sewer/Connected
  • Utilities: Electric Common,Electric Separate,Heating Common,Heating Separate

122-124 N Federal Avenue Neighborhood

Community

50401 (Mason City) Demographics

42
Median Age
192
Population Density (per sq. mile)
37%
College Educated
$54,154
Estimated Median Income
8,760
Estimated Total Home Owners
4,504
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

122-124 N Federal Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

122-124 N Federal Avenue Market Data

Based on the last 30 days in this zip code

$244,141
Average List Price
$118
Average Price per Square Foot
22
Properties Sold
66
Average Days on Market
205
Properties for Sale
Calculations provided by Reliance Network

122-124 N Federal Avenue History

Date Event Value Agent
4/4/2026Source: NoCoast MLS Added to Database
April 04, 2026
2/16/2026Source: NoCoast MLS Added to Database
February 16, 2026
Listing provided courtesy of Century 21 PreferredNoCoast MLS- MLS# 6336951MLS Provider