118 E Jackson Street, Iola, KS 66749
None · Allen County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1907
Stories
1
Living Area
1,080 sq ft
Lot Size
0.23 acres
Lot Dimensions
67x120
Parking Spaces
10
Zoning
Comm
Days on Market
33
MLS® Listing#
2612317
Property Features
Parking
Utilities
Financial Details
Annual Taxes
$1,960
Parcel Number
077-26-0-30-46-010.00-0
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
Affordability Calculator
$32,000
Estimated monthly payment
$852/mo
Principal $128,000 · Est. interest $178,571 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Iola, KS
- 83
- Median Days on Market
- 1,687
- Median Sq Ft
- $82
- Median Price / Sq Ft
- 26
- Active Listings
- Its price per sq ft is 81% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iola, KS.
Location
- 118 E Jackson Street, Iola, KS 66749
Points of Interest in Iola, KS
Showing the Iola area map.
Nearby Schools
Iola High School
Secondary · 0.1 mi away
Iola Usd 257
School · 0.2 mi away
Iola Middle School
Secondary · 0.3 mi away
Lincoln Elementary
Elementary · 0.4 mi away
Iola Elementary School
Elementary · 0.7 mi away
Humboldt Elementary School
Elementary · 7.8 mi away
Humboldt Middle School
Secondary · 8.0 mi away
Humboldt Virtual Education
Secondary · 8.0 mi away
Humboldt High School
Secondary · 8.0 mi away
Crest Elementary
Elementary · 10.6 mi away
Crest High School
Secondary · 10.6 mi away
Marmaton Valley Virtual School
Secondary · 12.6 mi away
Marmaton Valley High School
Secondary · 12.6 mi away
Southern Coffey County High School
Secondary · 16.9 mi away
Leroy Elementary School
Elementary · 16.9 mi away
Royster Middle School
Secondary · 16.9 mi away
St Patrick Catholic School
School · 17.1 mi away
Chanute Public School Food Service
School · 17.1 mi away
Chanute Elementary School
Elementary · 17.5 mi away
Living Word Assembly
School · 18.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 208 S Cottonwood Street, Iola, KS | $119,500 | 3 | 2 | 1,687 |
| 824 North Street, Iola, KS | $120,000 | 4 | 2 | 3,008 |
| Lot 1 RT 3 N/A, Iola, KS | $120,000 | — | — | — |
| 203 S Sycamore Street, Iola, KS | $120,000 | 4 | 3 | 1,792 |
| 411 Briarwood Drive, Iola, KS | $120,000 | 2 | 2 | 1,296 |
| 1402 N Kentucky Street, Iola, KS | $130,000 | 3 | 2 | 1,586 |
Moving Cost Estimate
EXIT Agents in Iola
Listing Courtesy: Crown Realty - 620-228-1413
Last Updated: 2026-04-04
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