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118 E Jackson Street
Iola KS 66749 US

$175,000

Active Listing ID 2612317
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Lot: 0.23 Acres
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Retail

$175,000

Active Listing ID 2612317
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118 E Jackson Street **Income-Producing Investment | Near New Lehigh Portland State Park** Exceptional opportunity to acquire a stabilized commercial asset just a half-block off Iola's historic downtown square. This property offers immediate cash flow with a current tenant in place who desires to remain, making it a "turn-key" addition to any investment portfolio. With the grand opening of the Lehigh Portland State Park scheduled for this summer, Iola is poised for a significant increase in regional tourism and foot traffic. ?PROPERTY HIGHLIGHTS ?Stabilized Income: Benefit from immediate rental income. The established tenant provides long-term stability for the new owner. ?TOURISM GROWTH: Positioned to capitalize on the influx of visitors to the state's newest flagship park, featuring 14 miles of trails and a 90-acre lake just minutes away. ?Strategic Location: Situated on East Jackson, the building captures steady traffic from the square while offering easier accessibility and parking than the main thoroughfares. ?Hospitality Infrastructure: Fully built-out for its current use as a tavern, featuring a spacious open floor plan and commercial-grade facilities. ?VERSATILE ASSET: Solid construction and an open layout provide long-term flexibility for retail, a boutique "lake-themed" shop, or professional office use. ?THE OPPORTUNITY This is a real estate only sale. No business entities, trade names, or liquor licenses are included. This is a rare chance to purchase a downtown Iola property that is already performing and perfectly timed for the city's upcoming economic boost. ?Note to Buyers: Property sold as-is. Please do not disturb the tenant. Financials regarding the current lease agreement are available to qualified buyers upon request.

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Property Features

  • Facts
  • Lot Size: 0.23 Acres
  • Property Type: Residential
  • Property Sub-type: Retail
  • Features
  • Exterior Finish: Building Sign, Delivery Door(s)

Property

  • propertytype: Residential
  • propertysubtype: Retail
  • listprice: 175000
  • unparsedaddress: 118 E Jackson Street
  • postalcity: Iola
  • stateorprovince: KS
  • country: US
  • postalcode: 66749
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.233
  • lotsizeunits: Acres
  • lotsizearea: 0.233
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Jennifer Chester
  • listagentemail: jenniferchester@crownrealty.com
  • listagentkey: 3yd-HMLSKS-586004431
  • listagentmlsid: 586004431
  • listagentpreferredphone: 6202281413
  • listagentofficephone: 6202664181
  • listofficekey: 3yd-HMLSKS-CRWN11
  • listofficemlsid: CRWN11
  • disclaimer: 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.
  • sourcesystemid: HMLSKS
  • yearbuilt: 1907
  • listingcontractdate: 2026-04-04
  • listagenturl: http://www.crownrealty.com
  • countyorparish: Allen
  • parcelnumber: 077-26-0-30-46-010.00-0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 10
  • parkingfeatures: On Street, Parking Lot, Assigned
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • interiorfeatures: Public Restroom, Refrigerator Facility
  • exteriorfeatures: Building Sign, Delivery Door(s)
  • utilities: Water Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Crown Realty of Kansas Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jenniferchester@crownrealty.com", "ListBrokerageCity":"Paola", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@crownrealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/HMLSKS/c5ababc31f42bdd1011f433f31aa00d5/20090206133509831.jpeg", "ListBrokerageName":"Crown Realty of Kansas Inc", "ListBrokeragePhone":"(877) 276-9625", "ListBrokeragePostalCode":"66071", "ListBrokerageStateOrProvince":"KS", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"102 S Silver", "ListBrokerageWebsiteUrl":"http://www.crownrealty.com", "ListOfficeAddress1":"102 E Jackson ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"CRWN11", "ListOfficeCity":"Iola", "ListOfficeCountry":"USA", "ListOfficeEmail":"jenniferchester@crownrealty.com", "ListOfficePostalCode":"66749", "ListOfficeStateOrProvince":"KS", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Iola, KS", "ListingURL":null, "MLSModificationTimestamp":"2026-04-04 22:31:10", "Neighborhoods":[{"Description":null, "Name":"490 - Allen County"}, {"Description":null, "Name":"KS"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1960, "TaxDescription":"IOLA CITY, S26, T24, R18, LT 2 EX N 50' OF E 15.7' THRF & BEG 28' W SE COR LT 1, N 45' E 28', N 25', W 51', S 70', E 23' TO POB ALL IN BLK 51", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/4/2026 10:47:26 PM GMT
Source Updated Date: 4/8/2026 7:21:59 AM GMT

Courtesy of: Jennifer Chester, Crown Realty, jenniferchester@crownrealty.com

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.