Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Development Opportunity Title is generated by Realmo AI

    1746 and 1748 North Dakota Road, Iola, KS 66749

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    3.3-acre commercial property with income and development potential.

    Type:Business for Sale, Retail, Office
    Lot size:
    3.30 Acres
    Added:
    May 17, 2026
    Days on Market:
    12
    Last Refresh:
    May 20 at 4:55 am

    Property Features for 1746 and 1748 North Dakota Road

    General Information

    Standard status
    Active
    Lot size
    3.30 Acres
    Property subtype
    Business for Sale, Retail, Office

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Jennifer Chester

    Listing agent Jennifer Chester License #002287496

    Listing office Crown Realty

    Listing date May 17, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Crown Realty

    HighLights

    • Prime commercial location at the intersection of US‑169 and US‑54, a high‑traffic crossroads.
    • Existing long‑term commercial tenants and billboard provide immediate, stable income.
    • 3.3 acres of usable land ready for ground‑up development or commercial expansion.
    • Shovel‑ready site with heavy‑duty electrical capacity and all essential utilities already established.
    • Tenants pay 100% of their own utilities, minimizing landlord overhead.
    • Exceptional highway visibility and easy logistical access on a major thoroughfare connecting Kansas City to Tulsa.

    Overview

    This 3.3-acre commercial property is positioned at the intersection of US-169 and US-54 in Iola, KS. The location on a major thoroughfare connecting Kansas City to Tulsa provides highway visibility, high daily traffic counts, and logistical access. The property is anchored by two long-term commercial tenants and includes recurring income from a billboard. The existing tenants pay 100% of their own utilities. The site has heavy-duty electrical capacity and all essential utilities already established on-site, making it ready for ground-up development or commercial expansion.
    Location Intelligence

    Current Use by Public Records

    Wild Bloom Coffee ... Cafe & Coffee Shop

    Suggested Use

    Hotel & Motel Electronics & Wireless Store Cafe & Coffee Shop Daycare Center Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iola
    County
    Allen
    State
    Kansas
    Longitude
    -95.3749834
    Latitude
    37.9367862

    Nearby Similar for Sale

    • $750,000

      Prime Commercial Development Opportunity

      3.3-acre commercial property at high-traffic intersection with established income.
      1746 and 1748 N Dakota Road, Iola, KS 66749
      View Details
    • $225,000

      Iola, KS Corner Lot

      Prime corner lot ideal for restaurant or fast food.
      1303 East Street, Iola, KS 66749
      View Details
    • $160,000

      Iola Investment Property Near Park

      Income-producing commercial property in Iola, near the new state park.
      118 E Jackson Street, Iola, KS 66749
      View Details
    • $299,000

      Turnkey Retreat in Emerging Corridor

      Updated 3.8-acre park with highway access and secluded setting.
      1276 1800 Street, Iola, KS 66749
      View Details
    • $3,580,000

      Neosho River Bottom Farmland

      Recreational and investment property with river frontage and tillable acreage.
      00000 400 St, Iola, KS 66749
      View Details
    • $150,000

      Prime Commercial Lot in Iola

      High-traffic location ideal for restaurant or retail venture.
      1119 East Street, Iola, KS 66749
      View Details
    • $225,000
      28,749 SF

      Corner Lot on Major Thoroughfare

      Prime corner lot suitable for restaurant or fast food venture.
      1303 East Street, Iola, KS 66749
      View Details
    • $225,000
      3,000 SF

      High-Visibility Commercial Asset on US-54

      3,000 sq. ft. commercial building on 1.5-acre lot.
      311 E 1st Street, Iola, KS 66749
      View Details
    • $885,000
      28,948 SF

      Versatile Industrial Facility in Iola

      28,948 SF industrial facility in growing regional hub.
      2701 N State St, Iola, KS
      View Details
    • $1,300,000
      24,613 SF

      Iola Healthcare Property for Sale

      Healthcare property available for purchase in Iola, Kansas.
      1315 N. State Street, Iola, KS 66749
      View Details
    • $8,000

      Residential Lot in Iola, Kansas

      Corner lot suitable for building a home in Iola.
      402 S Fourth Street, Iola, KS 66749
      View Details
    • $50,000

      Commercial Lots on Corner Location

      Three commercial lots with high traffic and development potential.
      303 S STATE Street, Iola, KS 66749
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.3-acre commercial property with income and development potential.
    Where is this commercial land located?
    The property is located at 1746 and 1748 North Dakota Road Iola, KS.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime commercial location at the intersection of US‑169 and US‑54, a high‑traffic crossroads.; Existing long‑term commercial tenants and billboard provide immediate, stable income.; 3.3 acres of usable land ready for ground‑up development or commercial expansion.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jennifer Chester
    Real Estate License ID: 002287496
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1746 and 1748 North Dakota Road, Iola, KS 66749
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!