$118,000
Original price: $145,000
1 Bed
1 Bath
5,478 sqft
512 E Monroe St, Iola, KS 66749
Est. Mortgage $876/mo*
Get Pre-QualifiedHome Highlights
Condo
Built in 1920
$22/sqft
Local Information
- Map ViewExplore the area around 512 E Monroe St.
- Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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!
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!
Last check for updates: about 3 hours ago
Listing Provided by: Jennifer Chester, (620) 228-1413
Crown Realty
Source: Heartland MLS as distributed by MLS GRID, MLS#2614394
Also Listed on Heartland MLS as distributed by MLS GRID.
Home Details for 512 E Monroe St
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MLS Status: Active |
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Interior Details Basement: Concrete,Full,Interior Entry |
Beds & Baths Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 5478 Square Feet |
Heating & Cooling Heating: Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Wood |
Levels, Entrance, & Accessibility Floors: Wood |
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Exterior Home Features Roof: OtherNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Off Street |
Frontage Responsible for Road Maintenance: Public Maintained RoadRoad Surface Type: Paved |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 5478 |
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Days on Market: 158 |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: ResidentialProperty Subtype: CondominiumArchitecture: Other |
Building Construction Materials: Brick, Concrete, Frame |
Property Information Condition: FixerParcel Number: 0772604029016.000 |
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Price List Price: $118,000Price Per Sqft: $22 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: IolaCommunity: None |
School Information High School District: USD 257 - Iola |
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Listing Agent Listing ID: 2614394 |
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Building Area Building Area: 5478 Square Feet |
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Not Senior Community |
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No HOAHOA Fee: No HOA Fee |
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Lot Area: 0.52 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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Business Information Ownership: Private |
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BasementMls Number: 2614394Attribution Contact: 620-228-1413Above Grade Unfinished Area: 5478 |
Around this home
What Locals Say about Iola
At least 7 Trulia users voted on each feature.
100 % Say parking is easy
100 % Say kids play outside
91 % Say yards are well-kept
86 % Say car is needed
83 % Say it's dog friendly
80 % Say there's holiday spirit
71 % Say it's quiet
67 % Say there's wildlife
63 % Say people would walk alone at night
58 % Say there are sidewalks
55 % Say neighbors are friendly
50 % Say it's walkable to restaurants
50 % Say it's walkable to grocery stores
50 % Say streets are well-lit
50 % Say they plan to stay for at least 5 years
50 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Iola
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
32
1MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes.
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $25,000 | - | - | - | For Sale | |
0.09 | $66,600 | 2 | 1 | - | Off Market | |
0.07 | $95,500 | 4 | 1.5 | 1,602 | Off Market | |
0.11 | $143,500 | 3 | 2 | 2,404 | Off Market | |
0.17 | - | - | - | - | Off Market | |
0.17 | - | - | - | - | Off Market | |
0.15 | $77,300 | 2 | 1 | 892 | Off Market | |
0.19 | $61,800 | 3 | 1 | 1,485 | Off Market | |
0.20 | - | 3 | 2 | 1,440 | Recently Sold | |
0.22 | $195,900 | 3 | 2 | 1,500 | Off Market | |
0.23 | - | 4 | 1 | 1,095 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 28, 2026 Source: Heartland MLS as distributed by MLS GRID #2614394 | PriceChange | $118,000 Price decreased by 19% |
Jun 29, 2026 Source: Heartland MLS as distributed by MLS GRID #2614394 | PriceChange | $145,000 Price decreased by 17% |
Apr 15, 2026 Source: Heartland MLS as distributed by MLS GRID #2614394 | Listed For Sale | $175,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jennifer Chester, Crown Realty
Agent Phone: (620) 228-1413
Based on information submitted to the MLS GRID as of 2026-09-21 00:23:09 PDT. 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. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. Click here for more information
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
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Frequently asked questions about 512 E Monroe St
- What is the estimated monthly payment for 512 E Monroe St?Based on a $118,000 list price with 20% down at today's rates, the estimated monthly payment for 512 E Monroe St in Iola, KS is approximately $881 (about $644 principal & interest, $162 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Iola?Residents describe Iola, KS as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Iola, KS.
- What are the closest schools to 512 E Monroe St?The closest schools to 512 E Monroe St in Iola, KS are Iola Middle School (rated 5/10), Iola Senior High School (rated 5/10).
- Does 512 E Monroe St have parking?Yes, 512 E Monroe St in Iola, KS has on-site parking.
512 E Monroe St, Iola, KS 66749 is a 1 bedroom, 1 bathroom, 5,478 sqft condo built in 1920. This property is currently available for sale and was listed by Heartland MLS as distributed by MLS GRID on Apr 15, 2026. The MLS # for this home is MLS# 2614394.