16 W Peoria Street Paola, KS $ 325,000
16 W Peoria Street
$ 325,000
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16 W Peoria Street

Paola, KS, 66071
$ 325,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,001

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Commercial Property for sale in Paola, KS

for $325,000. This building was built in 1880 on a lot size of 0.067332.

Another price reduction?? Get it while it's hot! Restaurant and building for sale on the Paola Square—an increasingly rare opportunity to own both the business and real estate in the heart of downtown. You couldn’t replicate a property like this at today’s construction costs for this price. The historic Milo’s Steakhouse is a fully operational restaurant located in a prominent, character-rich building with strong visibility. The main level features a bar and dining area with seating for approximately 75 guests. The upper level, previously configured as two apartments, is currently used for storage and offers excellent potential for renovation, expansion, or additional income. A rear-access basement provides added storage. Sale includes the building, kitchen equipment, and fixtures for a smooth transition. Zoned commercial and sold AS-IS. Buyer to verify all measurements, inspections, permitted uses, and renovation requirements with the City of Paola. Restaurant to remain open until closing. Additional information available in Supplements.

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Commercial Active

Price

$ 325,000

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 Another price reduction?? Get it while it's hot! Restaurant and building for sale on the Paola Square—an increasingly rare opportunity to own both the business and real estate in the heart of downt
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

$2,489
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,001
Monthly Property Taxes
$488
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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 $325,000 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