401 1St St Iola, KS 66749
This exceptional 1.5-acre commercial land parcel presents a rare investment opportunity in Iola, Kansas. Strategically located on US Highway 54, this level lot offers unparalleled visibility and accessibility for a wide range of commercial ventures. Zoned for commercial use (Com), the property provides endless possibilities for development, from retail spaces to professional offices. The asking price is $49,900. Given its prime location and size, this property is ideal for businesses seeking high traffic exposure. The seller will cover the cost of a survey once the property is under contract. The property's address is 401 E First Street, Iola, KS 66749, situated in Allen County. Its precise coordinates are latitude 37.9220077 and longitude -95.3382735. This is a truly exceptional opportunity to acquire a highly desirable commercial property in a thriving Kansas community. Don't miss out on this chance to secure a piece of Iola's commercial landscape. The property is ready for your vision and offers significant potential for growth and return on investment. Act quickly, as opportunities like this are seldom available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.