Listing provided courtesy of Crown RealtyGreater Heartland Region MLSas Distributed by MLSGrid- MLS# 2614394MLS ProviderContact Information: 620-228-1413

512 E Monroe StreetIola, KS 66749

Condo · 1 Bed · 1 Full Bath · 5,478 Sq. ft. | 0.52 Acres
$145,000 Active

512 E Monroe Street Overview

Visits:
5

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!

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512 E Monroe Street Facts & Features

  • Type Condo
  • Sq. ft. 5,478
  • Price/Sq.ft. $26
  • Lot 0.52 Acres

Details

General

Association/HOA

  • Association Fee: 0
  • Association Fee Frequency: None
  • Association: No

School Information

  • School District: USD 257 - Iola

Building Information

  • Year Built: 1920

Location/Region

  • County Or Parish: Allen
  • MLS Area Major: 490 - Allen County, KS
  • Subdivision Name: None

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Private
  • Parcel Number: 077-26-0-40-29-016.00-0
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 1

Building Interior

  • Above Grade Finished Area: 5478
  • Below Grade Finished Area: 0

General Information

  • Fireplace: No
  • Flooring: Wood
  • Heating: Natural Gas
  • Living Area: 5478
  • Rooms Total: 0

Exterior

Parking Information

  • Parking Features: Off Street

Lot Information

  • Lot Features: City Limits,City Lot,Corner Lot
  • Lot Size Area: 22866
  • Lot Size Dimensions: 103x222
  • Lot Size Square Feet: 22866
  • Lot Size Units: Square Feet
  • Road Responsibility: Public Maintenance
  • Road Surface Type: Paved
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Brick,Concrete,Frame
  • Roof: Other

General Information

  • Exterior Features: Fixer Up
  • Sewer: Public Sewer

512 E Monroe Street Neighborhood

Community

66749 (Iola) Demographics

39
Median Age
61
Population Density (per sq. mile)
32%
College Educated
$46,712
Estimated Median Income
1,892
Estimated Total Home Owners
1,113
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

512 E Monroe Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

512 E Monroe Street Market Data

Based on the last 30 days in this zip code

$173,993
Average List Price
$96
Average Price per Square Foot
5
Properties Sold
95
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

512 E Monroe Street History

Date Event Value Agent
6/29/2026Source: Greater Heartland Region MLS Price Reduction
$145,000 -17.1%
6/29/2026Source: Greater Heartland Region MLS Price Reduction
$145,000 -17.1%
4/15/2026Source: Greater Heartland Region MLS Added to Database
April 15, 2026
4/15/2026Source: Greater Heartland Region MLS Added to Database
April 15, 2026