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Waylon Martin

640 Cepi DriveSuite 100
Chesterfield, MO 63005
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118 E Jackson Street, Iola, KS 66749

$175,000
  • 118 E Jackson Street, Iola, KS 66749 Main Photo

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Active
MLS#2612317
STATUSActive PROPERTY TYPECommercial -

Property Description

**Income-Producing Investment | Near New Lehigh Portland State Park**Exceptional opportunity to acquire a stabilized commercial asset just a half-block off Iolas 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 states 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 OPPORTUNITYThis 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 citys 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.

118 E Jackson Street | MLS# 2612317

This commercial property located at 118 E Jackson Street, Iola, KS 66749 is currently listed for sale with an asking price of $175,000. Search Iola real estate on wmartin.trophypa.com today.

Property Features

Property Type: Commercial -
Lot Size: 0.23 Acres
Stories: 1.0
Year Built: 1907

Feature Descriptions

Current Use: Bar/Tavern/Lounge, Retail
Days on Site: 14
Flood Plain: Unknown
In City Limits: Yes
Location: City Location, Strip Center
Lot Dimensions: 67x120
Parking: Assigned, On Street, Parking Lot, Paved
Raod Frontage: City Street, Other
Road Responsibility: Public Maintenance
Sale Includes: Building Only, Real Estate
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available

Listed By / Shown

Listed By

Agency Name: Crown Realty
Agency Phone: 620-266-4181

Shown By

Agent Name: Waylon Martin
Agent Phone: (417) 410-5964
Agency Title: Trophy Properties & Auction

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