Log In/Sign Up
Your email has been sent.
415 W Madison Ave 17,000 SF Retail Building Iola, KS 66749 $638,406 CAD ($37.55 CAD/SF)
Investment Highlights
- * Prime Highway Visibility: Situated on a high-traffic 1.16-acre lot directly on US-54 Highway, serving as the prominent gateway into Iola.
- * Expansive, Scalable Layout: Features a substantial 17,000-square-foot all-brick structure, including a 2,200-square-foot upper-level loft ready for
- * Robust Mechanical Upgrades: Equipped with recently upgraded commercial HVAC systems and a fully operational industrial freight elevator for seamless
- * Massive Regional Growth Potential: Perfectly positioned to capitalize on a wave of regional tourism driven by the newly opened Lehigh Portland State
- * Turnkey High-Volume Kitchen: Fully outfitted with a complete bar layout and heavy-duty, commercial-grade kitchen equipment included in the sale
- * Versatile Commercial Zoning: Highly flexible layout ideal for an upscale restaurant, a high-capacity event venue, a microbrewery, or a multi-tenant
Executive Summary
PRIME COMMERCIAL INVESTMENT OPPORTUNITY ON US-54 HIGHWAY!
Position your next venture at the true gateway to Iola, Kansas! This expansive, multi-functional commercial property offers incredible flexibility as an upscale restaurant, premium bar, or high-capacity event venue. Spanning an impressive 17,000 total square feet, the architectural character of the all-brick structure features a striking 2,200 square foot upper-level loft area with ample room to further scale, customize, or expand operations.
Situated on a highly visible 1.16-acre lot right on US-54 Highway—a major regional thoroughfare—your business will capture high volumes of steady traffic. Timing could not be more perfect: this property is situated perfectly to capitalize on the massive wave of regional tourism arriving with the opening of Lehigh Portland State Park. Boasting a crystal-clear 138-acre quarry lake, scenic limestone cliffs, miles of singletrack trails, and RV campgrounds, this major state attraction is set to draw visitors from across the region right past your front door!
Property Highlights:
Turnkey Infrastructure: Outfitted with a complete bar layout and a fully equipped commercial kitchen engineered to handle high-volume dining as well as large-scale catering operations. (All heavy-duty restaurant equipment is included!)
Mechanical Infrastructure: Equipped with recently upgraded commercial HVAC systems to ensure comfort across the entire layout.
Logistical Ease: Features an operational industrial freight elevator to seamlessly manage inventory, catering supplies, and multi-level service logistics between floors.
Flexible Zoning and Layout: Ideal for a standalone regional dining destination, microbrewery, wedding/corporate event venue, or a multi-tenant commercial hub.
Seize the chance to own a landmark piece of real estate in a rapidly growing economic corridor. Schedule your private walkthrough today!
Position your next venture at the true gateway to Iola, Kansas! This expansive, multi-functional commercial property offers incredible flexibility as an upscale restaurant, premium bar, or high-capacity event venue. Spanning an impressive 17,000 total square feet, the architectural character of the all-brick structure features a striking 2,200 square foot upper-level loft area with ample room to further scale, customize, or expand operations.
Situated on a highly visible 1.16-acre lot right on US-54 Highway—a major regional thoroughfare—your business will capture high volumes of steady traffic. Timing could not be more perfect: this property is situated perfectly to capitalize on the massive wave of regional tourism arriving with the opening of Lehigh Portland State Park. Boasting a crystal-clear 138-acre quarry lake, scenic limestone cliffs, miles of singletrack trails, and RV campgrounds, this major state attraction is set to draw visitors from across the region right past your front door!
Property Highlights:
Turnkey Infrastructure: Outfitted with a complete bar layout and a fully equipped commercial kitchen engineered to handle high-volume dining as well as large-scale catering operations. (All heavy-duty restaurant equipment is included!)
Mechanical Infrastructure: Equipped with recently upgraded commercial HVAC systems to ensure comfort across the entire layout.
Logistical Ease: Features an operational industrial freight elevator to seamlessly manage inventory, catering supplies, and multi-level service logistics between floors.
Flexible Zoning and Layout: Ideal for a standalone regional dining destination, microbrewery, wedding/corporate event venue, or a multi-tenant commercial hub.
Seize the chance to own a landmark piece of real estate in a rapidly growing economic corridor. Schedule your private walkthrough today!
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$395,600,323
|
$23,270.61
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$395,600,323
|
$23,270.61
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $395,600,323 |
| Annual Per SF | $23,270.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $395,600,323 |
| Annual Per SF | $23,270.61 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
17,000 SF
Year Built
1930
Price
$638,406 CAD
Price Per SF
$37.55 CAD
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.37
Lot Size
1.06 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
29 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
255’ on Madison Ave
Amenities
- 24 Hour Access
- Corner Lot
- Fireplace
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 078-34-0-10-04-002.00-0 | Total Assessment | $113,943 CAD |
| Land Assessment | $6,601 CAD | Annual Taxes | $395,600,323 CAD ($23,270.61 CAD/SF) |
| Improvements Assessment | $107,342 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
078-34-0-10-04-002.00-0
Land Assessment
$6,601 CAD
Improvements Assessment
$107,342 CAD
Total Assessment
$113,943 CAD
Annual Taxes
$395,600,323 CAD ($23,270.61 CAD/SF)
Tax Year
2025 Payable 2026
1 of 85
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
415 W Madison Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.