16 W Peoria Street Paola, KS $ 374,900
16 W Peoria Street
$ 374,900
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16 W Peoria Street

Paola, KS, 66071
$ 374,900
Bedrooms-- Baths--

Monthly Estimate*

$ 2,339

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Commercial Property for sale in Paola, KS

for $374,900. This building was built in 1880 on a lot size of 0.067332.

PRICE REDUCTION – Restaurant for Sale on Paola Square. The historic Milo’s Steakhouse, a fully operational restaurant located in a historic building in downtown Paola, is available for purchase. The main floor includes a bar and dining space with seating for up to 75 guests. The upper level, formerly two apartments, is currently used for storage and offers potential for renovation. The basement is accessible from the rear of the building and provides additional storage. The sale includes the building, all kitchen equipment, and fixtures. The property is zoned commercial and is being sold AS-IS. Buyers are responsible for verifying all measurements, conducting inspections, and confirming any intended use or renovations with Paola Planning & Zoning and the Codes Department. The restaurant will remain in operation until the sale is finalized. See Supplements for additional information.

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Commercial Active

Price

$ 374,900

Property Type

Commercial

Taxes

$ 5,851

Style

Business

Lot Size

0.067332

Year Built

1880

Town/City

Paola

County/Region

Miami

MLS | Web ID

2497339

Features
General
Utilities Service - 220v Electricity Available Sewer Available Water Available
Possession Negotiable
Zoning COM
Year Built 1880
Property Subtype Business
Current Use Restaurant
Business Type Restaurant
County Miami
Property Type Business Opportunity
Status Active
Directions From Olathe - take US 169 south to Paola exit at Baptiste Dr and turn right. Make a left at Hedge Lane then a right at Peoria St. Continue west on Peoria to the square and the building is on the righ
City Paola
MLS Area 380 - Miami County KS
Lot Size Units Square Feet
Lot Size Square Feet 2933
Listing Terms Cash Conventional
Public Remarks PRICE REDUCTION – Restaurant for Sale on Paola Square. The historic Milo’s Steakhouse a fully operational restaurant located in a historic building in downtown Paola is available for purchase. The m
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN N
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Exterior
Exterior Amenities Building Sign
Parking Features On Street
Lot Size Area 2933
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Public Maintenance
Location Features Business District
Number of Docks 0
Number of Drive In Doors 0
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Interior
Total Stories 2
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* Excluded Features
List By
Crown Realty

Broker

Affordability Calculator

$2,826
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,339
Monthly Property Taxes
$488
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
652738 Elementary School
652859 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/2/2024$315,000 Listed Price

Map


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16 W Peoria Street, Paola, KS, 66071 is a Commercial Property for sale at $374,900 with a lot size of 0.067332. 16 W Peoria Street was built in 1880. The property's zip code is 66071 which is in Paola, KS