Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Baths

$249,950

16 W Peoria Street, Paola KS, 66071

Price per sqftN/A
Built in1880
Property typeCommercial
Courtesy of Crown Realty, Joe Fester Listing Contact:

Overview

Active

Listed Jul 2, 2024

Updated 35h ago

*** OWN A PIECE OF HISTORIC DOWNTOWN PAOLA — 4,600 SF± OF POSSIBILITIES! *** Located on the north side of the historic Paola Square, this two-story commercial building is home to Milo's Steakhouse, a long established, currently operating restaurant, and offers exciting opportunities for restaurant operators, investors, and entrepreneurs. The approximately 2,760 SF main level features a fully equipped restaurant space with commercial kitchen, bar, dining area, and restaurant equipment and fixtures included in the sale. Upstairs, approximately 1,840 SF of space previously configured as residential apartments offers excellent potential for renovation into rental units, professional offices, or other income-producing uses, subject to necessary improvements and city approvals. The basement provides additional storage and utility space. Whether your vision is to establish your own restaurant or lease the main level or redevelop the upper floor, this historic downtown property offers multiple possibilities under one roof. $$ NOW OFFERED AT ONLY $249,950 — APPROX $54 PER SQUARE FOOT ABOVE GRADE INCLUDING RESTAURANT EQUIPMENT AND FIXTURES! $$ Sale includes the land, building, specified restaurant equipment, and fixtures only - the existing restaurant business is NOT included. Zoned Commercial. Sold AS-IS. Buyer to verify square footage, permitted uses, renovation requirements, and property condition. Additional information available in Supplements. Get with your favorite Buyer's agent to schedule a showing, or call or text me at 913-259-8652, or email me at [email protected]. Share this with your friends. Someone you know is thinking about buying this property right now! ??

Additional information

MLS® ID
2497339

Interior Features

Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.07 Acres
MLS provider logo

Listings courtesy of Heartland MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Pfannenstiel Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 1:33 PM UTC on 10/11/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Heartland MLS. All rights reserved.

Powered by Luxury Presence