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Mixed-Use Building with Freight Elevator
New
For Sale
$565,000

20 W Jackson Avenue, Iola, KS 66749

Business Opportunity, Iola, KS

Property Size10,000 SF
Lot Size0.12 Acres
Price / SF$56.50
Days on Market2

Property Features for 20 W Jackson Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm
Parking 25
Parking features On Street
Interior features Elevator, Storage, In-Law Floorplan, Private Restroom, Public Restroom
Exterior features Building Sign, Delivery Door(s), Display Window
Accessibility Accessible Elevator Installed
Directions US Highway 169 to Iola Go west on US Highwy 54 to the Iola Square Turn north on Washington Ave Building on the northwest corner of the Iola Town Square
Subdivision 490 - Allen County, KS
Standard status Active
APN 077-26-0-30-44-002.00-0
Lot size 0.12 Acres

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Description IOLA CITY, S26, T24, R18, W 17.62' LT 7 & ALL LT 8, BLK 53, CITY OF IOLA
Tax Annual Amount 9400
Legal Description IOLA CITY, S26, T24, R18, W 17.62' LT 7 & ALL LT 8, BLK 53, CITY OF IOLA

Utilities

Utilities Water Available

Amenities

freight elevator

Building Details

Year built 1880
Floors in Building 2
Additional Structures Storage
Buildings 1
Listing Agency: Crown Realty
Listed By: Jennifer Chester
Added: Oct 27 Last Checked: Oct 28 at 3:06AM
MLS# 2649030

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.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property contains more than 10,000 square feet across three levels. The ground floor has two active commercial storefronts, while the second floor includes two studio apartments and space identified for potential additional residential units. A freight elevator serves the basement, main floor, and second floor. The basement is designated for private use and is not suitable for public access.

The building is at 20 W Jackson Avenue in downtown Iola, within the Square business corridor. The parcel measures 0.124 acres, and the property is zoned Comm. Existing tenants are expected to transfer with a sale.

Key Highlights

  • More than 10,000 square feet across three levels
  • Two active commercial storefronts and two second‑floor studio apartments
  • Freight elevator serves the basement, main floor, and second floor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Big Square Media Film Production Largest Town Square ... Museum Derryberry Breadery Restaurant

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Dental Office Furniture & Home Goods Daycare Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

461
Businesses Nearby
53k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 58% Shops & Services 41% Electronics 2%
McDonald's Dining
14,106 visits/mo 0.3 miles
SONIC Drive In Dining
11,620 visits/mo 0.3 miles
Phillips 66 Shops & Services
7,855 visits/mo 0.4 miles
Casey's General Store Shops & Services
7,303 visits/mo 0.5 miles
El Charro Dining
5,044 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial storefronts and two studio apartments provide a mix of commercial and residential space.
Where is this mixed-use property located?
The property is located at 20 W Jackson Avenue Iola, KS.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: More than 10,000 square feet across three levels; Two active commercial storefronts and two second‑floor studio apartments; Freight elevator serves the basement, main floor, and second floor
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