512 E Monroe St, Iola, KS 66749
FOR SALE

512 E Monroe St
Iola, KS 66749

  • 1 Bed
  • 1 Bath
  • 8,217 sqft

$175,000

Est. Mortgage $1,187/mo*
Get Pre-Qualified

$175,000

Est. Mortgage $1,187/mo*
Get Pre-Qualified
1 Bed
1 Bath
8,217 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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!

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$21
Listed
22 days ago

Home Details for 512 E Monroe St

Active Status

MLS Status: Active

Interior Features

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: 8217 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

Exterior Features

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): 5478Finished Area (below surface): 2739

Days on Market

Days on Market: 22

Property Information

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

Price & Status

Price
List Price: $175,000Price Per Sqft: $21
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: IolaCommunity: None
School Information
High School District: USD 257 - Iola

Agent Information

Listing Agent
Listing ID: 2614394

Building

Building Area
Building Area: 8217 Square Feet

Community

Not Senior Community

HOA

No HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.52 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Business

Business Information
Ownership: Private

Miscellaneous

BasementMls Number: 2614394Attribution Contact: 620-228-1413Above Grade Unfinished Area: 5478
Last check for updates: about 13 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.

Price History for 512 E Monroe St

DatePriceEventSource
04/15/2026$175,000Listed For SaleHeartland MLS as distributed by MLS GRID #2614394

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Assigned Schools

These are the assigned schools for 512 E Monroe St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

Learn more about our methodology.

LGBTQ Local Legal Protections

Jennifer Chester, Crown Realty
Agent Phone: (620) 228-1413
Based on information submitted to the MLS GRID as of 2026-05-07 21:58:08 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
512 E Monroe St, Iola, KS 66749 is a 1 bedroom, 1 bathroom, 8,217 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.