# 118 E Jackson Street, Iola, KS 66749

> **TL;DR:** commercial, $160,000, built 1907. Est. $693/mo. Listed 58 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $160,000 |
| Year Built | 1907 |
| Lot Size | 10,149 sqft (0.23 acres) |
| Stories | 1 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 58 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $693 |
| **Total** | **$693** |

## 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
- **Phone:** 6202281413
- **Email:** jenniferchester@crownrealty.com

## Primary Photo

![118 E Jackson Street - Primary Photo](http://lh.rdcpix.com/8affea10ca96d046bfb2b4a82dac88e9l-f33349823r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/118-e-jackson-street-iola-ks-66749-2612317)*

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**MLS#:** 2612317 | **Updated:** 2026-06-17
**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.com/listing/118-e-jackson-street-iola-ks-66749-2612317)

---

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