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  • Price cut: $30K (6/29)
    $145,000

    512 E Monroe St, Iola, KS 66749

    1beds
    5,478sqft
    : 
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    Condominium
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $26/sqft
    $-- HOA

    What's special

    High ceilingsIconic brick exterior
    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!
    83 days
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    310
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Chester 620-228-1413,

    Crown Realty

    Source: Heartland MLS as distributed by MLS GRID,MLS#: 2614394MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Natural Gas
      Cooling
      • None
      Features
      • Flooring: Wood
      • Basement: Concrete,Full,Interior Entry
      • Has fireplace: No
      Interior area
      • Total structure area: 5,478
      • Total interior livable area: 5,478 sqft
      • Finished area above ground: 5,478
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Off Street
      Lot
      • Size: 0.52 Acres
      • Dimensions: 103 x 222
      • Features: City Limits, City Lot, Corner Lot
      Details
      • Parcel number: 0772604029016.000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Other
      • Property subtype: Condominium
      Materials
      • Brick, Concrete, Frame
      • Roof: Other
      Condition
      • Fixer
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Iola

      Financial & listing details

      • Price per square foot: $26/sqft
      • Annual tax amount: $510
      • Date on market: 4/15/2026
      • Listing terms: Cash,Conventional
      • Ownership: Private
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/29/2026Price change$145,000-17.1%$26/sqft
        Source: Heartland MLS as distributed by MLS GRID #2614394 Report a problem
        4/15/2026Listed for sale$175,000$32/sqft
        Source: Heartland MLS as distributed by MLS GRID #2614394 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 66749

        Getting around

        66 / 100
        Somewhat Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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