# 20 W Jackson Avenue, Iola, KS 66749 > **TL;DR:** commercial, $565,000, built 1880. Est. $3,022/mo. Listed 5 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $565,000 | | Year Built | 1880 | | Lot Size | 5,401 sqft (0.12 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 5 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,857 | | Estimated Insurance | $165 | | **Total** | **$3,022** | ## Property Highlights - Built in 1880 - 0.12 acre lot - 2 stories - 25 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 20 W Jackson Avenue, Iola, KS 66749 - **County:** Allen - **Coordinates:** 37.923383, -95.405254 - **Google Maps:** https://www.google.com/maps?q=37.923383,-95.405254 ## Virtual Tour & Media - **Video Tour:** https://listings.kchomephotography.com/sites/20-w-jackson-ave-iola-ks-66749-30286564/branded ## Listing Agent - **Name:** Jennifer Chester - **Brokerage:** Crown Realty of Kansas Inc - **Broker Phone:** (877) 276-9625 ## Photos ![20 W Jackson Avenue - Photo 1](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f814284688r.jpg) ![20 W Jackson Avenue - Photo 2](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f337736791r.jpg) ![20 W Jackson Avenue - Photo 3](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f941376412r.jpg) ![20 W Jackson Avenue - Photo 4](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f968785676r.jpg) ![20 W Jackson Avenue - Photo 5](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f3587469258r.jpg) ![20 W Jackson Avenue - 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Photo 86](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f1928883646r.jpg) ![20 W Jackson Avenue - Photo 87](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f3546911606r.jpg) ![20 W Jackson Avenue - Photo 88](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f3548186751r.jpg) ![20 W Jackson Avenue - Photo 89](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f2314286108r.jpg) ![20 W Jackson Avenue - Photo 90](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f2435972043r.jpg) ![20 W Jackson Avenue - Photo 91](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f583099688r.jpg) ![20 W Jackson Avenue - Photo 92](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f3165951647r.jpg) ![20 W Jackson Avenue - Photo 93](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f2134948925r.jpg) ![20 W Jackson Avenue - Photo 94](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f1091107354r.jpg) ![20 W Jackson Avenue - Photo 95](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f3055531272r.jpg) ![20 W Jackson Avenue - Photo 96](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f771386326r.jpg) ![20 W Jackson Avenue - Photo 97](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f4114503563r.jpg) ![20 W Jackson Avenue - Photo 98](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f3478077393r.jpg) ![20 W Jackson Avenue - Photo 99](http://lh.rdcpix.com/69f5db6227d4582bb6a1f0e808a19dbal-f540580851r.jpg) --- **MLS#:** 2649030 | **Updated:** 2026-10-27 **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/20-w-jackson-avenue-iola-ks-66749-f76eb17ca40544019e5b0a3ecce428ca) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/20-w-jackson-avenue-iola-ks-66749-f76eb17ca40544019e5b0a3ecce428ca#listing", "url": "https://www.propertysimple.ai/listing/20-w-jackson-avenue-iola-ks-66749-f76eb17ca40544019e5b0a3ecce428ca", "name": "20 W Jackson Avenue, Iola, KS 66749", "description": "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. 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