415 W Madison Avenue Iola, KS ^$ 445,000

415 W Madison Avenue

^$ 445,000

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415 W Madison Avenue

Iola, KS, 66749

^$ 445,000

Studio Baths0.0

Monthly Estimate*

^$ 3,108

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Studio

Commercial Property for sale in Iola, KS

for $445,000. This building was built in 1930 on a lot size of 1.15932.

MOTIVATED SELLER! Upscale Restaurant/Bar/Venue - Turnkey Business Opportunity! This restaurant is in an ideal location located on 54 Highway as you come into Iola, KS. Our 17,000 sqft building is complete with everything you need including a 2,200 sqft loft on the upper level. The building features a new roof, recently added HVAC systems, freight elevator, complete bar and full commercial kitchen ideal for catering. See the attached list of a restaurant equipment included. There is plenty of room to expand the business on the upper level as well. This is a must see!

Commercial Active

Price

^$ 445,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 10,515

Style

Business Opportunity

Lot Size

1.15932

Year Built

1930

Town/City

Iola

County/Region

Allen

MLS | Web ID

2477292

Features

General

Utilities Service - 220v Electric to Site Gas to Site Water/Sewer

Possession Close Of Escrow

Zoning COM

Year Built 1930

Property SubType Business Opportunity

Current Use Bar/Tavern/Lounge Restaurant

Business Type Bar/Tavern/Lounge Restaurant

County Allen

Property Type Business Opportunity

Subdivision Name Other

Status Active

Directions From 169 Hwy exit W onto 54 Hwy. Continue on 54 Hwy past S State St to building on left.

City Iola

MLS Area 998 - Other Kansas Area

Lot Size Square Feet 50500

Street Name Madison

Listing Terms Cash Conventional

Public Remarks MOTIVATED SELLER! Upscale Restaurant/Bar/Venue - Turnkey Business Opportunity! This restaurant is in an ideal location located on 54 Highway as you come into Iola KS. Our 17 000 sqft building is comp

Standard Status Active

In Flood Plain No

HMS_MaintenanceProvidedYN N

Exterior

Parking Features Parking Lot Unpaved

Lot Size Area 50500

Road Surface Type Paved

Lot Size Units Square Feet

Road Frontage Type Highway

Road Responsibility Public Maintenance

Location Features City Location Free Standing

Number of Docks 0

Number of Drive In Doors 0

Interior

Total Stories 2

Street Suffix Avenue

* Excluded Features

List By

Crown Realty

Broker

Affordability Calculator

$3,985

Per Month

Monthly Principal & Interest: $3,108
Monthly Property Taxes: $876
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Iola, KS

Average List Price ^$205,400

Percent of Sale Price 54%

About Iola, KS

5,484 Population

-12% Since 2002

^$39,959 Median Income

36.07 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

652738 Elementary School

652859 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2024	$445,000		Listed Price

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415 W Madison Avenue, Iola, KS, 66749 is a Commercial Property for sale at $445,000 with a lot size of 1.15932. 415 W Madison Avenue is a studio with 0.0 baths and was built in 1930. The property's zip code is 66749 which is in Iola, KS

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

"The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and Weichert REALTORS, do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring."

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/13/2024.

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415 W Madison Avenue

Commercial Property for sale in Iola, KS

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