512 E Monroe ST Iola, KS 66749
1 Bed
1 Bath
8,217 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 8,217 sqft
Price per Sqft $21
MLS Listing ID 2614394
Style Other
Bedrooms 1
Full Baths 1
Year Built 1920
Annual Tax Amount $510
Lot Size 0.525 Acres
Acres 0.52493113
Lot Dimensions 103x222
Property Sub-Type Condominium
Source hmls
Property Description
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
* 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!
Location
State KS
County Allen
Rooms
Basement Concrete, Full, Inside Entrance
Interior
Heating Natural Gas
Cooling None
Flooring Wood
Fireplace N
Exterior
Exterior Feature Fixer Up
Parking Features false
Roof Type Other
Building
Lot Description City Limits, City Lot, Corner Lot
Entry Level Loft
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete,Frame
Schools
School District Usd 257 - Iola
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
