512 E Monroe Street

Iola, KS 66749

About this property

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 * 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!

About this property

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 * 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!

Features and Additional Information

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$145,000 Active
1 Bed
1
Bath
5,478 sqft

Presented By Coldwell Banker Distinctive Properties Twin Fall

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Get in touch today! Phone: 1-208-734-6500
Brokerage
Crown Realty
1-620-266-4181
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Area Information

490 Allen County | KS | Allen County | None

$ 145,000
This listing is play_arrow 0.7% lower than the average in the area
$ 146,000 in the area
5,478 SqFt
This listing is play_arrow 59.2% larger than the average in the area
3,441 SqFt in the area
$ 26 $/SqFt
This listing is play_arrow 59.6% less than the average in the area
$ 66 $/SqFt in the area
134 days on site
This listing is play_arrow 2.7% above the average in the area
131 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Jennifer Chester
Brokerage: Crown Realty

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