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    Iconic Restaurant on Historic Square Title is generated by Realmo AI

    16 W Peoria Street, Paola, KS 66071

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    Claim this Listing
    For Sale
    $290,000

    SINGLE_FAMILY - Paola, KS

    Type:Retail
    Lot size:
    0.07 Acres
    Added:
    Jul 2, 2024
    Days on Market:
    726
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 16 W Peoria Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    COM
    Parking features
    On Street
    Exterior features
    Building Sign
    Standard status
    Active
    APN
    135-16-0-20-32-006.00-0
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    PAOLA RE-SURVEY , BLOCK 33 , LOT 8 , E23 W35.5 LT8 BLK33 SECTION 16 TOWNSHIP 17 RANGE 23
    Tax Annual Amount
    5851

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1880
    Floors in Building
    2

    We can help!

    Contact an agent
    Joe Fester
    Joe Fester

    Listing agent Joe Fester License #SP00237023

    Listing office Crown Realty 102 S. Silver, Paola, KS

    Listing date Jul 2, 2024

    MLS# 2497339

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Successful, fully operational restaurant (Milo's Steakhouse) included in the sale.
    • Real estate on the historic Paola Square included in the sale.
    • Prominent, character‑filled downtown building with excellent visibility and traffic exposure.
    • Upper level offers excellent potential for renovation, expansion, event space, or additional income.
    • Sale includes building, kitchen equipment, and fixtures.
    • Rear‑access basement provides additional storage.

    Overview

    An opportunity exists to acquire a successful restaurant and real estate located on the historic Paola Square. The property features the fully operational Milo's Steakhouse, situated in a prominent downtown building characterized by excellent visibility and traffic exposure. The main level includes a bar and dining area with seating for approximately 75 guests. The upper level, previously configured as two apartments and currently utilized for storage, presents potential for renovation, expansion, event space, or additional income. A rear-access basement provides additional storage. The sale encompasses the building, kitchen equipment, and fixtures. The property is zoned commercial and is being sold AS-IS. The lot size is 0.0673 acres. The restaurant will remain open until the building sells.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midwest Gun & Supply Gun Shop Milo's Steakhouse Restaurant Paola GPS General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chen's Buffet — 901 N Pearl St, Paola, KS 66071

    Location Insight

    • Map
    • Local Demand
    City
    Paola
    County
    Miami
    State
    Kansas
    Longitude
    -94.878301
    Latitude
    38.573017

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    FAQs

    What type of property is this?
    Conventional restaurant - Successful restaurant and real estate in Paola, Kansas for sale.
    Where is this conventional restaurant located?
    The property is located at 16 W Peoria Street Paola, KS.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Successful, fully operational restaurant (Milo's Steakhouse) included in the sale.; Real estate on the historic Paola Square included in the sale.; Prominent, character‑filled downtown building with excellent visibility and traffic exposure.
    (913) 259-8642
    We can help!
    Contact an agent
    Joe Fester
    Joe Fester
    Real Estate License ID: SP00237023
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