122-124 N Federal AVE, Mason City, IA 50401
122-124 N Federal AVE, Mason City, IA 50401
122-124 N Federal AVE, Mason City, IA 50401
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Iowa Office

Iowa Office

Listed by Roger Flieth Century 21 Preferred
$695,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID NOC6336951

Style Office

Year Built 1912

Annual Tax Amount $7,744

Tax Year 2025

Lot Dimensions 44 x 95

Property Description

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. Building has Five Leasable Suites. Two currently leased. Lease options available include one main level Office Suite, unit 124 features 2317 Sq Ft 7 room suite with an upper mezzanine, 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 Bandmaster Meredith Wilson of The Music Man fame worked in this building when it was the Vance Music Store. Located in Downtown Opportunity Zone. Potential gross rents of approximately $7,810/month / $93,720/year.

Location

State IA

County Cerro Gordo

Zoning Business/Commercial

Direction Call Roger Flieth. 641-420-5635

Interior

Heating Forced Air

Cooling Central Air, Ductless Mini-Split

Flooring Carpet, Wood

Exterior

Parking Features On Street

Utilities Available Electric Common, Electric Separate, Heating Common, Heating Separate

View Y/N true

Accessibility None

Building

Lot Description Corner Lot

Sewer City Sewer/Connected

Water Public

Architectural Style Office

Structure Type Brick

Schools

School District 4131 - Mason City

Others

Energy Description Natural Gas

Acceptable Financing NOC6336951

Listing Terms NOC6336951

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Iowa Office

Iowa Office

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