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20 W Jackson Avenue
Iola KS 66749 US

$565,000

Active Listing ID 2649030
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Lot: 0.12 Acres
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Other

$565,000

Active Listing ID 2649030
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20 W Jackson Avenue Turnkey Investment Opportunity: 10, 000+ SF Mixed-Use in Iola, KS OWENER FINANCING AVAILABLE!! Capitalize on this high-yield mixed-use building located on the Square the downtown Iola business corridor. This 10, 000+ square foot asset is designed for immediate income generation and significant upside potential in a prime location. Centrally situated, this property is just 1.5 hours south of Kansas City, 2 hours north of Tulsa, and 2 hours from Wichita. Stable Cash Flow: Current tenants will transfer to a new owner, ensuring seamless, uninterrupted revenue from day one. Diverse Income Streams: Currently features two active, ground-level commercial storefronts and two second-floor studio apartments. Significant Expansion Potential: Beyond current units, the second floor offers prime square footage ready for the development of additional residential units, allowing you to quickly maximize your rental income. Untapped Utility: The massive basement offers unique, private potential for exclusive storage, a private wine collection, or a private-use hobby space. (Please note: The basement is for private party use only and is not suitable for public access). Superior Accessibility: A heavy-duty freight elevator services all three levels (basement, main, and second floor), drastically simplifying tenant logistics and future renovation projects. This is a true "value-add" scenario. The infrastructure is solid, the location is strategic, and the foundation for increased Net Operating Income (NOI) is already in place. Owner financing is available for qualified buyers. Investors looking for a reliable, multi-faceted income stream in an appreciating market need look no further. Contact us for rent rolls and financials.

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Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Building Sign, Delivery Door(s), Display Window

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 565000
  • unparsedaddress: 20 W Jackson Avenue
  • postalcity: Iola
  • stateorprovince: KS
  • country: US
  • postalcode: 66749
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.124
  • lotsizeunits: Acres
  • lotsizearea: 0.124
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 37.923383
  • longitude: -95.405254
  • 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: 1880
  • listingcontractdate: 2026-10-27
  • listagenturl: http://www.crownrealty.com
  • countyorparish: Allen
  • parcelnumber: 077-26-0-30-44-002.00-0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 25
  • parkingfeatures: On Street
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • interiorfeatures: Elevator, Storage, In-Law Floorplan, Private Restroom, Public Restroom
  • exteriorfeatures: Building Sign, Delivery Door(s), Display Window
  • otherstructures: Storage
  • utilities: Water Available
  • accessibilityfeatures: Accessible Elevator Installed
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -95.40525, 37.92338
  • 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":"info@crownrealty.com", "ListBrokerageCity":"Paola", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@crownrealty.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/c5ababc31f42bdd1011f433f31aa00d5k-c3777143453r.jpg", "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":"US", "ListOfficeEmail":"jenniferchester@crownrealty.com", "ListOfficePostalCode":"66749", "ListOfficeStateOrProvince":"KS", "ListPriceCurrencyType":"USD", "ListingTitle":"Business Opportunity, Iola, KS", "ListingURL":null, "MLSModificationTimestamp":"2026-10-27 17:42:12", "Neighborhoods":[{"Description":null, "Name":"490 - Allen County"}, {"Description":null, "Name":"KS"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9400, "TaxDescription":"IOLA CITY, S26, T24, R18, W 17.62' LT 7 & ALL LT 8, BLK 53, CITY OF IOLA", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/27/2026 7:32:39 PM GMT
Source Updated Date: 11/5/2026 12:58:06 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.