# 118 E Jackson Street, Iola, KS 66749 > **TL;DR:** commercial, $135,000, built 1907. Est. $722/mo. Listed 162 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $135,000 | | Year Built | 1907 | | Lot Size | 10,149 sqft (0.23 acres) | | Stories | 1 | | Property Type | Commercial (Retail) | | Status | Active | | Days on Market | 162 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $683 | | Estimated Insurance | $39 | | **Total** | **$722** | ## Property Highlights - Built in 1907 - 0.23 acre lot - 10 parking spaces ## Description ### Agent Description **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. ## Location - **Address:** 118 E Jackson Street, Iola, KS 66749 - **County:** Allen ## Listing Agent - **Name:** Jennifer Chester - **Brokerage:** Crown Realty of Kansas Inc - **Phone:** 6202281413 - **Broker Phone:** (877) 276-9625 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/HMLSKS/2612317/?channel=propsimple) ## Photos ![118 E Jackson Street - Photo 1](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f33349823r.jpg) ![118 E Jackson Street - Photo 2](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f2155930131r.jpg) ![118 E Jackson Street - Photo 3](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1233659342r.jpg) ![118 E Jackson Street - Photo 4](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f970682104r.jpg) ![118 E Jackson Street - Photo 5](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3372688384r.jpg) ![118 E Jackson Street - Photo 6](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f70229157r.jpg) ![118 E Jackson Street - Photo 7](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3220333062r.jpg) ![118 E Jackson Street - Photo 8](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1302668119r.jpg) ![118 E Jackson Street - Photo 9](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3566327084r.jpg) ![118 E Jackson Street - Photo 10](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1687663449r.jpg) ![118 E Jackson Street - Photo 11](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f278055851r.jpg) ![118 E Jackson Street - Photo 12](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f4072267835r.jpg) ![118 E Jackson Street - Photo 13](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f775556051r.jpg) ![118 E Jackson Street - Photo 14](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3056927184r.jpg) ![118 E Jackson Street - Photo 15](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3131815598r.jpg) ![118 E Jackson Street - Photo 16](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f2924524489r.jpg) ![118 E Jackson Street - Photo 17](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f2888297486r.jpg) ![118 E Jackson Street - Photo 18](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3200626950r.jpg) ![118 E Jackson Street - Photo 19](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f4202155653r.jpg) ![118 E Jackson Street - Photo 20](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f3178356664r.jpg) ![118 E Jackson Street - Photo 21](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f4086022658r.jpg) ![118 E Jackson Street - Photo 22](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1371883117r.jpg) ![118 E Jackson Street - Photo 23](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f2129455542r.jpg) ![118 E Jackson Street - Photo 24](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1257092786r.jpg) ![118 E Jackson Street - Photo 25](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f177688127r.jpg) ![118 E Jackson Street - Photo 26](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1772733831r.jpg) ![118 E Jackson Street - Photo 27](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f1022227057r.jpg) ![118 E Jackson Street - Photo 28](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f996078970r.jpg) --- **MLS#:** 2612317 | **Updated:** 2026-08-28 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/118-e-jackson-street-iola-ks-66749-2612317) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/118-e-jackson-street-iola-ks-66749-2612317#listing", "url": "https://www.propertysimple.ai/listing/118-e-jackson-street-iola-ks-66749-2612317", "name": "118 E Jackson Street, Iola, KS 66749", "description": "**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. 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