512 E Monroe Street, Iola, KS 66749
None · Allen County
Key Facts
Description
*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!
Property Information
Property Type
Commercial Sale
Sub-Type
Warehouse
Year Built
1920
Stories
2
Living Area
5,478 sq ft
Lot Size
0.52 acres
Lot Dimensions
103x222
Zoning
comm
Days on Market
75
MLS® Listing#
2614311
Property Features
Parking
Utilities
Financial Details
Annual Taxes
$509
Parcel Number
077-26-0-40-29-016.00-0
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 Madison Avenue for approximately 1.2 miles. ?Turn North: Turn North (Right) onto North Jefferson Avenue. ?Turn East: Turn East (Right) onto East Monroe Street. ?Final Destination: Proceed 3 blocks to 512 East Monroe Street. The property is on the South (Right) side of the road.
Affordability Calculator
$29,000
Estimated monthly payment
$772/mo
Principal $116,000 · Est. interest $161,830 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Iola, KS
- 76
- Median Days on Market
- 1,724
- Median Sq Ft
- $92
- Median Price / Sq Ft
- 26
- Active Listings
- Its price per sq ft is 71% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iola, KS.
Location
Points of Interest in Iola, KS
Showing the Iola area map.
Nearby Schools
Iola Middle School
Secondary · 0.1 mi away
Iola High School
Secondary · 0.2 mi away
Iola Usd 257
School · 0.4 mi away
Lincoln Elementary
Elementary · 0.4 mi away
Iola Elementary School
Elementary · 0.4 mi away
Humboldt Elementary School
Elementary · 7.9 mi away
Humboldt Middle School
Secondary · 8.1 mi away
Humboldt High School
Secondary · 8.1 mi away
Humboldt Virtual Education
Secondary · 8.1 mi away
Crest Elementary
Elementary · 10.4 mi away
Crest High School
Secondary · 10.4 mi away
Marmaton Valley Virtual School
Secondary · 12.3 mi away
Marmaton Valley High School
Secondary · 12.3 mi away
Southern Coffey County High School
Secondary · 17.0 mi away
Leroy Elementary School
Elementary · 17.1 mi away
Royster Middle School
Secondary · 17.1 mi away
St Patrick Catholic School
School · 17.3 mi away
Chanute Public School Food Service
School · 17.3 mi away
Chanute Elementary School
Elementary · 17.7 mi away
Living Word Assembly
School · 18.1 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 |
| 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 |
| 1282 1830th Street, Iola, KS | $139,000 | 5 | 3 | 2,119 |
Moving Cost Estimate
EXIT Agents in Iola
Listing Courtesy: Crown Realty - 620-228-1413
Last Updated: 2026-04-15
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