Office Building for Sale in Iola, KS

Office Building for Sale in Allen County, KS

Discover a great commercial investment opportunity in Iola, Kansas at 501 N State St. This 4,224-square-foot office building offers stable rental income, a convenient location, and limited landlord responsibilities.

The property is currently leased to TFI Family Services, providing an established tenant and ongoing rental income. The current lease has two years remaining, followed by two one-year options with 3% annual increases.

Located on State Street just a few blocks south of Walmart, the property offers excellent visibility and convenient access to one of Iola's primary commercial areas. At approximately $40 per square foot, this property presents an attractive opportunity for investors seeking affordable commercial real estate in southeast Kansas.

The existing lease also helps minimize landlord responsibilities. The tenant handles mowing as well as minor HVAC and plumbing repairs, reducing ongoing maintenance obligations and ownership expenses.

Property Highlights:

• 4,224 square feet
• 1 bath
• 12,000-square-foot lot
• Established tenant
• Current lease with 2 years remaining
• Two additional one-year options
• 3% annual increases
• Tenant pays mowing
• Tenant pays minor HVAC and plumbing repairs
• Limited landlord responsibilities
• Approximately $40 per square foot
• Convenient State Street location
• Near Walmart
• Income-producing commercial property

Whether you're an experienced investor or looking to add an income-producing office property to your portfolio, this Iola commercial building offers an established tenant, favorable lease terms, and a convenient southeast Kansas location.

Living and Investing in Iola, Kansas

Iola is a welcoming southeast Kansas community and the county seat of Allen County. The city provides shopping, dining, healthcare, schools, professional services, and other amenities for residents and surrounding communities.

501 N State St is positioned near established commercial areas, with Walmart and other businesses just minutes away. For investors seeking commercial property in Iola or Allen County, this location offers convenient access, an established tenant, and the potential for long-term investment income.