Two-Level Mixed-Use
101 E Madison Avenue, Iola, KS 66749
For Sale
New
$225,000
Business Opportunity, Iola, KS
Property Size12,000 SF
Lot Size0.13 Acres
Price / SF$18.75
Days on Market1
Property Features for 101 E Madison Avenue
General Information
Property type
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Parking
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Listing Agency:
Crown Realty
(620) 266-4181
Listed By:
Jennifer Chester · License KS #00228497
(620) 228-1413
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 2651477
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.
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Investment Insights
Based on property information with market context.
This 12,000+ square foot brick building has two levels of approximately 6,000+ square feet each. Retail space on the ground floor is occupied, while the upper floor is unfinished and described as laid out for apartments. Recent exterior work includes a new roof and a modernized front façade. Building features include display windows, signage, delivery doors, storage, and public and private restrooms.
At 101 E Madison Avenue in Iola, the property sits on a major thoroughfare near the town square. The listing reports more than 8,000 vehicles passing daily. The site contains 0.1322 acres and has on-street parking; zoning is COM.
At 101 E Madison Avenue in Iola, the property sits on a major thoroughfare near the town square. The listing reports more than 8,000 vehicles passing daily. The site contains 0.1322 acres and has on-street parking; zoning is COM.
Key Highlights
- 12,000+ square feet across two levels, with approximately 6,000+ square feet on each floor
- Occupied ground‑floor retail space
- Unfinished upper level with a layout described as suited to apartments
Property Analytics
Who owns this building?
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Current Use
Lease Details
8,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
McDonald's
Dining
14,106 visits/mo
0.3 miles
SONIC Drive In
Dining
11,620 visits/mo
0.2 miles
Casey's General Store
Shops & Services
7,303 visits/mo
0.5 miles
El Charro
Dining
5,044 visits/mo
0.1 miles
Emprise Bank
Shops & Services
2,758 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The occupied ground-floor retail space is paired with an unfinished upper level suited to residential redevelopment.
Where is this mixed-use property located?
The property is located at 101 E Madison Avenue Iola, KS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 12,000+ square feet across two levels, with approximately 6,000+ square feet on each floor; Occupied ground‑floor retail space; Unfinished upper level with a layout described as suited to apartments
