The Iola House - 190 E State Street Iola, Wi

Updated August 25, 2026

The Iola House 9 Guest Bedrooms + 3-Bedroom Owner’s Quarters | Historic Downtown Iola | Potential Income-Producing Property Imagine living in your own private 3-bedroom quarters while operating up to nine additional bedrooms as guest accommodations. Located in the heart of downtown Iola, this historic property offers a combination of residential space, hospitality potential and location that would be extremely difficult to recreate today. This historic boarding house which has not been on the market since 1971 is up for sale to settle the estate of Shelly Kunzman. Property consists of 3 city lots encompassing the entire corner on the combined State Highway 161/49 corridor through the Village of Iola. Approximately (+/-) .42 Acres. A front porch allows a great view of the mill pond and the flow of Car Show participants. 6 rooms will remain set up with beds and amenities ready for use or rental. Linens in closet can remain ( or get donated to local thrift store). Boarding House: (+/-) 2100 sq foot Downstairs: - One large downstairs bedroom - Living room “the lobby” - Kitchen - Bath - Large Front Porch Upstairs: - 8 bedrooms - 1 bathroom Living Quarters: (+/-) 1250 sq foot- not including shop. - Large living room - 3 bedrooms - 1 bath - Laundry - Kitchen - Attached workshop - Large garage (36 by 24 ‘and wood room) Property has a concrete Koi pond, large yard space and garden with great soil. Extensively remodeled in the 1970’s and 1980’s by a professional contractor/drywaller. This remodeling is showing it’s age and some change in taste to modernize could be used. New steel roof added in the last 5 years. Newer furnaces New washer and dryer Opportunities abound: - Keep it operating as a boarding or rooming house to provide affordable housing. - Air B&B - Bed and Breakfast - Multi-generational house for a large family. - Ultimate man cave for you and your buddies to hunt the private public land around Iola. - Unusually large corner lot for commercial development. Area attractions: The Tomorrow River Bike Trail, Iola Winter Sports Club, Iola Car Show, Public Lands House was lived in through this year, appliances, heat sources, and water are all working. More Than a Home — A Unique Downtown Iola Investment Opportunity 190 E State Street offers a combination rarely found in the Central Wisconsin market: historic character, substantial lodging capacity, private owner living quarters, a prime downtown location, and the potential for multiple income-producing uses. Configured with approximately 9 potential guest bedrooms plus separate 3-bedroom living quarters, this property presents an exceptional opportunity for someone looking to operate a traditional bed and breakfast while living on site. The layout may also lend itself to short-term lodging, group accommodations, retreats, extended-family living, or other hospitality-related uses, subject to applicable zoning, licensing and governmental approvals. For a prospective owner-operator, the

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