501 State St Iola, KS 66749

Listing details for 501 State St, Iola, KS 66749 : Great Commercial Investment property opportunity in Iola, Kansas. This 4,224 square foot office property is located on State Street in just a few blocks South from Walmart. Selling at only $40 per square foot the property is a real bargain with locked in income from an existing lease with TFI Family Services. The lease runs for two more years and then the tenant has two, one-year options, with 3% increases each year. Tenant pays for mowing and minor HVAC and plumbing repairs so very little landlord responsibility or expense.