501 N State Street Iola, KS ^$ 169,000

501 N State Street

^$ 169,000

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Recently Listed

501 N State Street

Iola, KS, 66749

^$ 169,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,067

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Commercial Property for sale in Iola, KS

for $169,000. This building was built in 1972 on a lot size of 0.275482.

Great Commercial Investment property opportunity in Iola, Kansas. This 4,224 square foot office property is located on State Street in just a few blocks South from Walmart. Selling at only $40 per square foot the property is a real bargain with locked in income from an existing lease with TFI Family Services. The lease runs for two more years and then the tenant has two, one-year options, with 3% increases each year. Tenant pays for mowing and minor HVAC and plumbing repairs so very little landlord responsibility or expense.

Commercial Active

Price

^$ 169,000

Property Type

Commercial

Taxes

^$ 6,943

Style

Professional Service

Lot Size

0.275482

Year Built

1972

Town/City

Iola

County/Region

Allen

MLS | Web ID

2635205

Features

General

Utilities Electricity Available Natural Gas Available Sewer Available Water Available

Possession Close Of Escrow

Zoning B1

Year Built 1972

Property Subtype Office

Current Use Srvc-Professional

Business Type Professional Service

County Allen

Property Type Commercial Sale

Status Active

Directions From the corner of US 54 Hwy and State street go North five blocks and the building is on the East side. Sign on building says TFI Family Services.

City Iola

MLS Area 490 - Allen County KS

Lot Size Units Square Feet

Lot Size Square Feet 12000

Listing Terms Cash Conventional

Public Remarks Great Commercial Investment property opportunity in Iola Kansas. This 4 224 square foot office property is located on State Street in just a few blocks South from Walmart. Selling at only $40 per

Standard Status Active

HMS_MaintenanceProvidedYN Y

Exterior

Parking Features Parking Lot Paved

Lot Size Area 12000

Lot Dimensions 100 x 120

Road Frontage Type City Street

Location Features Corner Lot Free Standing

Number of Docks 0

Number of Drive In Doors 0

Interior

Total Stories 1

* Excluded Features

List By

United Country / Deer Creek Re

Broker

Affordability Calculator

$1,646

Per Month

Monthly Principal & Interest: $1,067
Monthly Property Taxes: $579
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Commerical listings in Iola, KS

Average List Price ^$299,611

Percent of Sale Price 77%

About Iola, KS

5,484 Population

-12% Since 2002

^$39,959 Median Income

36.07 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

652738 Elementary School

652859 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
8/4/2026	$169,000		Listed Price

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501 N State Street, Iola, KS, 66749 is a Commercial Property for sale at $169,000 with a lot size of 0.275482. 501 N State Street was built in 1972. The property's zip code is 66749 which is in Iola, KS

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

"The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and Weichert REALTORS, do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring."

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 8/5/2026.

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501 N State Street

Commercial Property for sale in Iola, KS

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