512 Monroe st - Loft/Creative Space FOR SALE


Iola, KS 66749
$175,000 USD
620-266-4181
512 Monroe st, Iola, KS for Sale
$175,000 USD
Loft/Creative Space - FOR SALE
1/52
null | Request Cap Rate

512 Monroe st
Iola, KS 66749


HIGHLIGHTS

  • **Massive Value-Add Potential:** ~5,500 SQFT across two levels, ideal for mixed-use or luxury loft conversion.
  • **Strategic Regional Hub:** Centrally located 100 miles between Kansas City, Wichita, and Tulsa via US-169/54.
  • **Near New State Park:** Located blocks from the grand opening of Lehigh Portland State Park and its trail system.
  • **Emerging Market Momentum:** Capitalize on Iola’s growth, including new maker spaces and boutique hotel developments.
  • **Creative Canvas:** Expansive upper-level industrial ceilings and a main-level footprint perfect for retail or gallery.
  • **Iconic 1920s Architecture:** Rare "Flat Iron" brick building with a new roof and undeniable curb appeal

OVERVIEW

*Rare Historical Gem: The Iola "Flat Iron" Opportunity* Own a piece of Southeast Kansas history with this striking 1920s brick "flat iron" building in the heart of Iola. Spanning approximately 5,500 square feet across two expansive levels, this structure offers the perfect canvas for an investor or creative visionary. *Prime Location & Connectivity* Iola is perfectly positioned as a regional hub, centrally located approximately 100 miles between Kansas City, Wichita, and Tulsa. This strategic "middle of everywhere" location makes it an ideal spot for a destination business or a unique residential retreat that stays connected to major metropolitan centers via US-169 and US-54. *A Community on the Rise* The timing for this investment couldn't be better. Iola is experiencing a surge of new energy and development, most notably the brand-new **Lehigh Portland State Park**. Set to open its visitor center and campgrounds in **May 2026**, this flagship state park features over 14 miles of trails and a stunning quarry lake, drawing outdoor enthusiasts from across the region. With additional projects like a new maker space, a boutique hotel in the works, and a growing downtown scene, Iola is the place to be. *Endless Possibilities* The architectural character of this classic build is undeniable. The "flat iron" footprint provides a unique aesthetic that stands out in any portfolio: *Main Level:* Ideal for a vibrant art gallery, boutique retail, or a modern professional studio. *Upper Level:* Perfect for a *luxury industrial loft conversion* with high ceilings and expansive square footage. **Key Features:** * Built circa 1920 * ~5,500 Total SQFT with New Roof * Iconic Brick Exterior * Proximity to Lehigh Portland State Park * Unbeatable Central Kansas Location *Don't miss the chance to restore and redefine one of Iola's most unique structures during this exciting period of growth.* Schedule a showing today to explore the potential of this historical treasure!

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

"FLAT IRON"

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,984 SF

ZONING

Commercial & Industrial

APN/PARCEL ID

077-26-0-40-29-016.00-0

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.