Rare Historical Gem: The Iola “Flat Iron” Opportunity Own a piece of Southeast Kansas history with this striking 1920s brick “flat iron” building in the heart of Iola. Spanning approximately 5, 500 square feet across two expansive levels, this structure offers the perfect canvas for an investor or creative visionary. *Prime Location & Connectivity* Iola is perfectly positioned as a regional hub, centrally located approximately 100 miles between Kansas City, Wichita, and Tulsa. This strategic “middle of everywhere” location makes it an ideal spot for a destination business or a unique residential retreat that stays connected to major metropolitan centers via US-169 and US-54. *A Community on the Rise* The timing for this investment couldn’t be better. Iola is experiencing a surge of new energy and development, most notably the brand-new Lehigh Portland State Park. Set to open its visitor center and campgrounds in May 2026, this flagship state park features over 14 miles of trails and a stunning quarry lake, drawing outdoor enthusiasts from across the region. With additional projects like a new maker space, a boutique hotel in the works, and a growing downtown scene, Iola is the place to be. *Endless Possibilities* The architectural character of this classic build is undeniable. The “flat iron” footprint provides a unique aesthetic that stands out in any portfolio: *Main Level:* Ideal for a vibrant art gallery, boutique retail, or a modern professional studio. *Upper Level:* Perfect for a luxury industrial loft conversion with high ceilings and expansive square footage. *Key Features:* * Built circa 1920 * ~5, 500 Total SQFT * Iconic Brick Exterior * Proximity to Lehigh Portland State Park * Unbeatable Central Kansas Location *Don’t miss the chance to restore and redefine one of Iola’s most unique structures during this exciting period of growth.** Schedule a showing today to explore the potential of this historical treasure!
- Heating System:
- Natural Gas
- Cooling System:
- None
- Basement:
- Full, Concrete, Inside Entrance
- Parking:
- Off Street
- Architectural Style:
- Other
- Exterior Features:
- Fixer Up
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Zipcode:
- 66749
- Street:
- Monroe
- Street Number:
- 512
- Street Suffix:
- Street
- Longitude:
- W96° 36' 9.5''
- Latitude:
- N37° 55' 28.8''
- Street Dir Prefix:
- E
- 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.
- Mls Area Major:
- 490 - Allen County, KS
- High School District:
- USD 257 - Iola
- Office Name:
- Crown Realty
- Agent Name:
- Jennifer Chester
- Tax Annual Amount:
- $0
- Association Fee:
- $0
- Water Source:
- Public
- Construction Materials:
- Frame, Concrete, Brick
- Lot Features:
- Corner Lot, City Limits, City Lot
- Lot Size Dimensions:
- 103x222
- Association Fee Frequency:
- None
- Special Listing Conditions:
- Standard
- List Agent Mls Id:
- 586004431
- List Office Mls Id:
- CRWN11
- Listing Term:
- Cash, Conventional
- Mls Status:
- Active
- Modification Timestamp:
- 2026-08-28T14:00:10Z
- Originating System Name:
- HMLS
Community: None, Residential For Sale
512 E Monroe Street, Iola, Kansas 66749
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- 2614394
- Price :
- $118,000
- Bedrooms :
- 1
- Bathrooms :
- 1
- Square Footage :
- 5,478 Sqft
- Year Built :
- 1920
- Status :
- Active
- Property Sub Type :
- Condominium
