$135,000
( )
 $725 est/mo Sourced by Back At You

118 E Jackson Street,Iola, KS 66749

Iola, KS 66749

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Description

**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.

Details

MLS #2612317
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1907
Days On Site154
Listing Provided ByCrown Realty | Jennifer Chester

Features

SQ Feet1,080
Story(s)1
ZoningComm
Acreage0.23

Taxes

Property1960

Area Information

StateKS
CountyAllen
CityIola
Zip Code66749
Area490 Allen County | KS
Listing VS Median (in 66749)
Price:
$135,000
low | high
Med:
$135,000
50% of Average
sqft:
1,080
low | high
Med:
2,119
46.203703703704% of Average
$ / sqft:
$125
low | high
Med:
$64
99.032562529495% of Average
On site:
154
low | high
Med:
134
100% of Average
Sourced by Back At You

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Learn More About This Property

StateKS
CountyAllen
CityIola
Zip Code66749
Area490 Allen County | KS
Listing VS Median (in 66749)
Price:
$135,000
low | high
Med:
$135,000
50% of Average
sqft:
1,080
low | high
Med:
2,119
46.203703703704% of Average
$ / sqft:
$125
low | high
Med:
$64
99.032562529495% of Average
On site:
154
low | high
Med:
134
100% of Average
Sourced by Back At You
Listing Updated: August 28, 2026 at 7:12:33 AM PDT
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