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!
Active
Price cut: $30K (6/29)
$145,000
512 E Monroe St, Iola, KS 66749
1beds
5,478sqft
Condominium
Built in 1920
-- sqft lot
$-- Zestimate®
$26/sqft
$-- HOA
What's special
High ceilingsIconic brick exterior
- 83 days |
- 310 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer Chester 620-228-1413,
Crown Realty
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2614394
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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
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $145,000-17.1%$26/sqft |
Source: | ||
| 4/15/2026 | Listed for sale | $175,000$32/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- NALincoln Elementary SchoolGrades: 3-4Distance: 0.4 mi
- 5/10Iola Middle SchoolGrades: 6-8Distance: 0.1 mi
- 5/10Iola Sr High SchoolGrades: 9-12Distance: 0.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Kansas
- Allen County
- Iola
- 66749
- 512 E Monroe St

