118 E Jackson Street Iola, KS $ 160,000
118 E Jackson Street
$ 160,000
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118 E Jackson Street

Iola, KS, 66749
$ 160,000
Bedrooms-- Baths--
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Property for Rent in Iola, KS

for $160,000. This property was built in 1907 on a lot size of 0.233012.

**Income-Producing Investment | Near New Lehigh Portland State Park** Exceptional opportunity to acquire a stabilized commercial asset just a half-block off Iola’s historic downtown square. This property offers immediate cash flow with a current tenant in place who desires to remain, making it a "turn-key" addition to any investment portfolio. With the grand opening of the Lehigh Portland State Park scheduled for this summer, Iola is poised for a significant increase in regional tourism and foot traffic. ?PROPERTY HIGHLIGHTS ?Stabilized Income: Benefit from immediate rental income. The established tenant provides long-term stability for the new owner. ?TOURISM GROWTH: Positioned to capitalize on the influx of visitors to the state's newest flagship park, featuring 14 miles of trails and a 90-acre lake just minutes away. ?Strategic Location: Situated on East Jackson, the building captures steady traffic from the square while offering easier accessibility and parking than the main thoroughfares. ?Hospitality Infrastructure: Fully built-out for its current use as a tavern, featuring a spacious open floor plan and commercial-grade facilities. ?VERSATILE ASSET: Solid construction and an open layout provide long-term flexibility for retail, a boutique "lake-themed" shop, or professional office use. ?THE OPPORTUNITY This is a real estate only sale. No business entities, trade names, or liquor licenses are included. This is a rare chance to purchase a downtown Iola property that is already performing and perfectly timed for the city's upcoming economic boost. ?Note to Buyers: Property sold as-is. Please do not disturb the tenant. Financials regarding the current lease agreement are available to qualified buyers upon request.

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Rental Active

Price

$ 160,000

Taxes

$ 1,960

Style

Bar/Tavern/Lounge

Lot Size

0.233012

Year Built

1907

Town/City

Iola

County/Region

Allen

MLS | Web ID

2612317

Features
Interior
Interior Amenities Public Restroom Refrigerator Facility
Total Stories 1
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General
Utilities Electricity Available Natural Gas Available Sewer Available Water Available
Possession Close Of Escrow
Zoning Comm
Year Built 1907
Property Subtype Retail
Current Use Bar/Tavern/Lounge Retail
Business Type Bar/Tavern/Lounge
County Allen
Property Type Commercial Sale
Subdivision Name None
Status Active
Directions US Highway 169 to Iola Exit 54 Highway Go West on 54 to the Iola Square Go North on Jefferson to Jackson St Go East on Jackson until you have reached 118 E Jsckson
City Iola
MLS Area 490 - Allen County KS
Lot Size Units Square Feet
Lot Size Square Feet 10150
Listing Terms Cash Conventional Owner May Carry
Public Remarks **Income-Producing Investment Near New Lehigh Portland State Park** Exceptional opportunity to acquire a stabilized commercial asset just a half-block off Iola’s historic downtown square. This pro
Leasable Area 1080
Lease Type Gross
Standard Status Active
In Flood Plain Unknown
HMS_MaintenanceProvidedYN N
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Exterior
Exterior Amenities Building Sign Delivery Door(s)
Parking Features Assigned On Street Parking Lot Paved
Total Parking 10
Lot Size Area 10150
Lot Dimensions 67x120
Road Surface Type Asphalt Chip & Seal Concrete
Road Frontage Type City Street Other
Road Responsibility Public Maintenance
Location Features City Location Strip Center
Number of Docks 0
Number of Drive In Doors 0
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* Excluded Features
List By
Crown Realty

Broker

Nearby
652738 Elementary School
652859 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2026$160,000 -8.57% Price Down
4/4/2026$175,000 Listed Price

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118 E Jackson Street, Iola, KS, 66749 is a Property for Rent at $160,000 with a lot size of 0.233012. 118 E Jackson Street was built in 1907. The property's zip code is 66749 which is in Iola, KS