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118 E Jackson Ave
Iola, KS 66749

$175,000 USD

General Retail For Sale  •  1,080 SF

Property Details

  • Property Type General Retail
  • Total Building Size 1,080 SF
  • Lot Size 0.18 AC
  • Year Built 1907
  • Cap Rate 7.45 %
  • Tenancy Single
  • Zoning Commercial & Industrial
50 Walk Score

Highlights

* Turn-Key Yield: Strong 7.45% Cap Rate with a proven Net Operating Income of $13,040.
* Established Tenant: Secure investment featuring a successful operating business with 5 years of location history
* Low Overhead: Efficient 1,080 SF footprint with a competitive price point of $162.04 per square foot.
* Future-Proof Investment: Combines immediate high-yield cash flow with massive 2026 regional growth catalysts.
* Reduced CAPEX: Major recent capital improvements including a brand-new roof and updated plumbing.
* Path of Progress: Strategically located to benefit from the 2026 opening of the new Iola State Lake.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $9,640 USD (2025)
Cap Rate: 7.45 %
Total Expenses: $5,360 USD

Major Tenants

Tenant SF Occupied Lease End Date
Pour Choices 1,080 SF 4/1/2027

Amenities

  • Property Manager on Site
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jennifer Chester 620-266-4181 Crown Realty
Jennifer Chester 620-266-4181 Crown Realty