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About This Home
This 1-bedroom, 1-bathroom condo at 512 E Monroe Street in Iola, KS is listed for $175,000 ($21 per sqft). Built in 1920, the home offers 8,217 sqft of living space on a 0.52 acres lot.
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 * 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!
Key Features
- Built in 1920
- 0.52 acre lot
Property Details
Monthly Cost Estimate
$936/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
512 E Monroe Street
Iola, KS 66749
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 1-bedroom, 1-bathroom condo at 512 E Monroe Street is listed at $175,000 ($21/sqft). The estimated monthly payment is $758 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.52 acre lot. Exterior Features: Fixer Up.
This property is listed by Jennifer Chester and can be reached at 6202281413 or jenniferchester@crownrealty.com.
