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About This Home
This 0-bedroom, 0-bathroom commercial at 118 E Jackson Street in Iola, KS is listed for $160,000. Built in 1907, on a 0.23 acres lot.
**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.
Key Features
- Built in 1907
- 0.23 acre lot
- 10 parking spaces
Property Details
Monthly Cost Estimate
$856/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
118 E Jackson Street
Iola, KS 66749
Features & Amenities
Interior Features
Exterior Features
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 118 E Jackson Street is listed at $160,000. The estimated monthly payment is $693 based on 20% down at 6.5% interest.
Key features include: Built in 1907, 0.23 acre lot, 10 parking spaces. Interior Features: Public Restroom, Refrigerator Facility. Exterior Features: Building Sign, Delivery Door(s).
This property is listed by Jennifer Chester and can be reached at 6202281413 or jenniferchester@crownrealty.com.
