118 E Jackson Ave - Retail FOR SALE


Iola, KS 66749
$175,000 USD
620-266-4181
118 E Jackson Ave, Iola, KS for Sale
$175,000 USD
Retail - FOR SALE
1/27
null | 7.45% Cap Rate

118 E Jackson Ave
Iola, KS 66749


HIGHLIGHTS

  • * Turn-Key Yield: Strong 7.45% Cap Rate with a proven Net Operating Income of $13,040.
  • * Established Tenant: Secure investment featuring a successful operating business with 5 years of location history
  • * Low Overhead: Efficient 1,080 SF footprint with a competitive price point of $162.04 per square foot.
  • * Future-Proof Investment: Combines immediate high-yield cash flow with massive 2026 regional growth catalysts.
  • * Reduced CAPEX: Major recent capital improvements including a brand-new roof and updated plumbing.
  • * Path of Progress: Strategically located to benefit from the 2026 opening of the new Iola State Lake.

OVERVIEW

Excellent opportunity to acquire a well-maintained, 1,080 SF income-producing commercial building. This property offers a true "set-it-and-forget-it" investment for those looking for stable cash flow in a strong local market. With a tenant who has successfully operated in this location for 5 years and significant recent capital improvements, this is a turn-key addition to any portfolio. Investment Highlights * Strong Yield: Offered at a 7.45% Cap Rate based on current Net Operating Income. * Proven Tenant Stability: The current business has occupied the space for 5 years, demonstrating long-term viability and commitment to the location. * Recent Capital Improvements: * New Roof: Reduced future CAPEX risk and improved energy efficiency. * Updated Plumbing: Modernized systems throughout the building for worry-free ownership. * Efficient Footprint: 1,080 SF layout, ideal for a variety of retail, office, or service-based users should the building ever become vacant. * Low Maintenance: Recent updates and a reliable tenant history make this an ideal "passive" investment. Property Specifications * Price: $175,000 * Building Size: 1,080 SF * NOI: $13,040 * Cap Rate: 7.45% * Tenancy: Single-Tenant (Occupied 5 years) * Price/SF: $162.04 Description This property represents a rare find at this price point—combining a healthy yield with modernized infrastructure. The updated plumbing and brand-new roof significantly lower the risk of deferred maintenance for a new owner. Situated in a high-visibility area, the 1,080 SF interior is optimized for functional business use. Whether you are looking for your first commercial investment or diversifying an existing portfolio, the combination of a 5-year established tenant and a 7.45% return makes this a standout opportunity.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.45% Cap Rate | Turn-Key w/Long Term Tenant

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Commercial & Industrial

APN/PARCEL ID

0010772603046010000

ASK ABOUT THIS PROPERTY

Jennifer ChesterCrown RealtyMore Info
620-266-4181

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Jennifer ChesterCrown RealtyMore Info
620-266-4181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.