16 W Peoria Street Paola, KS $ 275,000
16 W Peoria Street
$ 275,000
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16 W Peoria Street

Paola, KS, 66071
$ 275,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,736

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Commercial Property for sale in Paola, KS

for $275,000. This building was built in 1880 on a lot size of 0.067332.

New month. New deal! EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! Historic mixed-use commercial building on the Paola Square offering outstanding value and multiple income possibilities. The main level features approximately 2,760+/- SF of fully equipped restaurant space with commercial kitchen, bar, and dining area, while the 1,840+/- SF second floor offers excellent potential for apartments, office space, short-term rentals, or additional commercial use. A basement provides valuable storage and utility space. Offered at just $275,000 (approximately $60/SF above grade), this property includes the building, restaurant equipment, and fixtures, making it an attractive opportunity for investors, developers, or owner-users seeking a well-located downtown asset with significant upside potential. Zoned commercial and sold AS-IS. Buyer to verify all measurements, inspections, permitted uses, and renovation requirements with the City of Paola. Additional information available in Supplements.

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Commercial Active

Price

$ 275,000

Property Type

Commercial

Taxes

$ 5,851

Style

Restaurant

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 Retail
Current Use Restaurant
Business Type Restaurant
County Miami
Property Type Commercial Sale
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 New month. New deal! EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! Historic mixed-use commercial building on the Paola Square offering outstanding value and multiple income possibilities. The main lev
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

$2,224
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,736
Monthly Property Taxes
$488
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
652738 Elementary School
652859 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2026$275,000 -5.17% Price Down
5/16/2026$290,000 -7.94% Price Down
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 $275,000 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