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$175,000
15 Days On Site

512 E Monroe Street
Iola, KS66749

For Sale|Condominium|Active
1
Bed
1
Total Bath
1
Full Bath
8,217
SqFt
$21
/SqFt
1920
Built
Subdivision:
None
County:
Allen

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

512 E Monroe Street512 E Monroe Street512 E Monroe Street512 E Monroe Street
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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!

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Listing Snapshot
Price 
$175,000
Days On Site 
15 Days
Bedrooms 
1
Inside Area (SqFt) 
8,217 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.52 Acres
Year Built 
1920
MLS® Number 
2614394
Status 
Active
Property Tax 
$510
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.52
Parking 
Off Street
Property Sub Type 
Condominium
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
5478
SqFt Below 
2739
Style 
Other
Water Source 
Public
Interior Features
Basement 
ConcreteFullInterior Entry
Flooring 
Wood
Heating 
Natural Gas
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Exterior Features
Construction Details 
BrickConcreteFrame
Lot Features 
City LotCorner Lot
Roof 
Other
Community Features
Financing Terms Available 
CashConventional
MLS Area 
490 - Allen County, KS
Roads 
Paved
School District 
USD 257 - Iola
Schools
School District
USD 257 - Iola
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Crown Realty [email protected]



The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and Crown Realty do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration of the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
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Last checked 2026-04-30 11:04 PM CDT

Neighborhood & Commute
Source: Walkscore
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