512 E Monroe Street Iola, KS $ 175,000
512 E Monroe Street
$ 175,000
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512 E Monroe Street

Iola, KS, 66749
$ 175,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,078

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Commercial Property for sale in Iola, KS

for $175,000. This building was built in 1920 on a lot size of 0.524931.

*Rare Historical Gem: The Iola "Flat Iron" Opportunity* Own a piece of Southeast Kansas history with this striking 1920s brick "flat iron" building in the heart of Iola. Spanning approximately 5,500 square feet across two expansive levels, this structure offers the perfect canvas for an investor or creative visionary. *Prime Location & Connectivity* Iola is perfectly positioned as a regional hub, centrally located approximately 100 miles between Kansas City, Wichita, and Tulsa. This strategic "middle of everywhere" location makes it an ideal spot for a destination business or a unique residential retreat that stays connected to major metropolitan centers via US-169 and US-54. *A Community on the Rise* The timing for this investment couldn't be better. Iola is experiencing a surge of new energy and development, most notably the brand-new **Lehigh Portland State Park**. Set to open its visitor center and campgrounds in **May 2026**, this flagship state park features over 14 miles of trails and a stunning quarry lake, drawing outdoor enthusiasts from across the region. With additional projects like a new maker space, a boutique hotel in the works, and a growing downtown scene, Iola is the place to be. *Endless Possibilities* The architectural character of this classic build is undeniable. The "flat iron" footprint provides a unique aesthetic that stands out in any portfolio: *Main Level:* Ideal for a vibrant art gallery, boutique retail, or a modern professional studio. *Upper Level:* Perfect for a *luxury industrial loft conversion* with high ceilings and expansive square footage. **Key Features:** * Built circa 1920 * ~5,500 Total SQFT with New Roof * Iconic Brick Exterior * Proximity to Lehigh Portland State Park * Unbeatable Central Kansas Location *Don't miss the chance to restore and redefine one of Iola's most unique structures during this exciting period of growth.* Schedule a showing today to explore the potential of this historical treasure!

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Commercial Active

Price

$ 175,000

Property Type

Commercial

Taxes

$ 509

Style

Lot Size

0.524931

Year Built

1920

Town/City

Iola

County/Region

Allen

MLS | Web ID

2614311

Features
General
Utilities Electricity Available Natural Gas Available Sewer Available Water Available
Possession Close Of Escrow
Zoning comm
Year Built 1920
Property Subtype Warehouse
Current Use Warehouse
Business Type Other
County Allen
Property Type Commercial Sale
Subdivision Name None
Status Active
Directions ?Exit: Take the exit for US-54 West (also known as Miller Road/East Street) toward Iola. ?Initial Turn: Turn West onto US-54/East Madison Avenue toward the center of town. ?Proceed: Travel West on
City Iola
MLS Area 490 - Allen County KS
Lot Size Units Square Feet
Lot Size Square Feet 22866
Listing Terms Cash Conventional
Public Remarks *Rare Historical Gem: The Iola Flat Iron Opportunity* Own a piece of Southeast Kansas history with this striking 1920s brick flat iron building in the heart of Iola. Spanning approximately 5 500
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN N
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Exterior
Parking Features Parking Lot
Lot Size Area 22866
Lot Dimensions 103x222
Road Surface Type Chip & Seal
Road Frontage Type City Street
Road Responsibility Public Maintenance
Location Features City Location Free Standing
Number of Docks 2
Number of Drive In Doors 0
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Interior
Total Stories 2
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* Excluded Features
List By
Crown Realty

Broker

Affordability Calculator

$1,120
Per Month
96%
4%
0%
Monthly Principal & Interest
$1,078
Monthly Property Taxes
$42
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
652738 Elementary School
652859 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$175,000 Listed Price

Map


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512 E Monroe Street, Iola, KS, 66749 is a Commercial Property for sale at $175,000 with a lot size of 0.524931. 512 E Monroe Street was built in 1920. The property's zip code is 66749 which is in Iola, KS