Historic Two-Level Retail
For Sale
$118,000
512 E Monroe Street, Iola, KS 66749
Commercial Sale, Iola, KS
Property Size5,500 SF
Lot Size0.52 Acres
Price / SF$21.45
Days on Market140
Property Features for 512 E Monroe Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Parking features
Parking Lot
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.
Subdivision
490 - Allen County, KS
Standard status
Active
APN
077-26-0-40-29-016.00-0
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
BOUGHTON'S SUBDIVISION OF IOLA, S26, T24, R18, PT LT 9, BOUGHTON'S SUB, BEG 142' E SW COR, E TO SE COR, NW TO PT N OF BEG, S TO POB & S2 ABAN RR R/W ADJ N SD
Tax Annual Amount
509
Legal Description
BOUGHTON'S SUBDIVISION OF IOLA, S26, T24, R18, PT LT 9, BOUGHTON'S SUB, BEG 142' E SW COR, E TO SE COR, NW TO PT N OF BEG, S TO POB & S2 ABAN RR R/W ADJ N SD
Utilities
Utilities
Water Available
Building Details
Year built
1920
Floors in Building
2
Listing Agency:
Crown Realty
(620) 266-4181
Listed By:
Jennifer Chester · License #002287496
(620) 228-1413
Added: Apr 15
Changed: Aug 28
Last Checked: Sep 1 at 12:06PM
MLS# 2614311
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property at 512 E Monroe Street features a distinctive flat iron footprint, brick exterior, and approximately 5,500 square feet arranged across two levels. Built circa 1920, the building has a new roof and provides a substantial existing structure for retail, gallery, studio, or other commercial concepts described for the space. The upper floor also presents the scale associated with a loft-style conversion, subject to applicable approvals and construction requirements.
The property occupies approximately 0.5249 acres in Iola, Kansas, with a parking lot and water available. Iola is served by US-169 and US-54, and the site is located near Lehigh Portland State Park, whose visitor center and campgrounds are scheduled to open in May 2026. Commercial zoning is identified as "comm."
The property occupies approximately 0.5249 acres in Iola, Kansas, with a parking lot and water available. Iola is served by US-169 and US-54, and the site is located near Lehigh Portland State Park, whose visitor center and campgrounds are scheduled to open in May 2026. Commercial zoning is identified as "comm."
Key Highlights
- Approximately 5,500 square feet across two levels
- Circa 1920 construction with an iconic brick exterior
- New roof in place
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 40%
Casey's General Store
Shops & Services
7,303 visits/mo
0.2 miles
El Charro
Dining
5,044 visits/mo
0.5 miles
Emprise Bank
Shops & Services
2,758 visits/mo
0.4 miles
Daylight Donuts
Dining
1,767 visits/mo
0.5 miles
Demographics for 66749, KS
7,512
Population
3,532
Households
2.1
Avg Household Size
40
Median Age
25%
College-Educated
94%
High-School Grad
109.1 sq mi
ZIP Area
69
Density / Sq Mi
$56,510
Median Household Income
$31,486
Median Earnings
$715
Median Rent
$101,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Brick commercial space with a new roof, parking lot, and two-level layout.
Where is this retail space located?
The property is located at 512 E Monroe Street Iola, KS.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: Approximately 5,500 square feet across two levels; Circa 1920 construction with an iconic brick exterior; New roof in place
