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"FLAT IRON" 512 Monroe st 5,478 SF 100% Leased Office Building Iola, KS 66749 $241,063 CAD ($44.01 CAD/SF)
Investment Highlights
- **Massive Value-Add Potential:** ~5,500 SQFT across two levels, ideal for mixed-use or luxury loft conversion.
- **Near New State Park:** Located blocks from the grand opening of Lehigh Portland State Park and its trail system.
- **Creative Canvas:** Expansive upper-level industrial ceilings and a main-level footprint perfect for retail or gallery.
- **Strategic Regional Hub:** Centrally located 100 miles between Kansas City, Wichita, and Tulsa via US-169/54.
- **Emerging Market Momentum:** Capitalize on Iola’s growth, including new maker spaces and boutique hotel developments.
- **Iconic 1920s Architecture:** Rare "Flat Iron" brick building with a new roof and undeniable curb appeal
Executive Summary
*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 with New Roof
* 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 with New Roof
* 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!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,478 SF
Building Class
C
Year Built
1920
Price
$241,063 CAD
Price Per SF
$44.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,739 SF
Slab To Slab
12’
Building FAR
0.24
Lot Size
0.52 AC
Zoning
Commercial & Industrial - Commercial and Industrial
Amenities
- Controlled Access
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
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"FLAT IRON" | 512 Monroe st
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