Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Baths

$135,000

118 E Jackson Street, Iola KS, 66749

Price per sqftN/A
Built in1907
Property typeCommercial
Courtesy of Crown Realty, Jennifer Chester Listing Contact:

Overview

Active

Listed Apr 4, 2026

Updated Aug 29

**Income-Producing Investment | Near New Lehigh Portland State Park** Exceptional opportunity to acquire a stabilized commercial asset just a half-block off Iola’s 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 state's 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 OPPORTUNITY This 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 city's 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.

Additional information

MLS® ID
2612317

Interior Features

Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.23 Acres
MLS provider logo

Listings courtesy of Heartland MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bob Washburn Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 7:09 AM UTC on 10/11/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Heartland MLS. All rights reserved.

Powered by Luxury Presence