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    16 W Peoria St Paola, KS 66071

    For Sale
    $374,900

    Business - Paola, KS

    Type:Business
    Lot size:
    0.07 Acres
    Days on Market:
    97
    Last Refresh:
    Dec 14 at 8:06 am

    Property Features for 16 W Peoria St

    General Information

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

    Building Details

    Year built
    1880
    Floors in Building
    2
    Architectural style
    Other

    Crown Realty of Kansas Inc (877) 276-9625 [email protected]

    Listing agent Joe Fester (913) 557-4333 License #SP00237023

    Listing date Sep 9, 2025

    MLS# 2497339 Listing URL

    Copyright © 2025 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.

    Overview

    Paola Restaurant in Historic Building

    Located on Paola Square, this commercially zoned property features a fully operational restaurant, formerly Milo’s Steakhouse, within a historic building. The main floor includes a bar and dining area with seating for up to 75 guests. The upper level, previously configured as two apartments, is currently utilized for storage but offers renovation potential. A basement, accessible from the rear, provides additional storage space. Included in the sale are the building, all kitchen equipment, and fixtures. The restaurant will remain operational until the sale is finalized. Buyers are responsible for verifying measurements, conducting inspections, and confirming intended uses or renovations with Paola Planning & Zoning and the Codes Department. The lot size is 0.0673 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Gun & Supply Gun Shop Milo's Steakhouse Steak House Paola GPS Civil Engineering Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    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?
    Restaurant - Restaurant for sale in historic Paola Square building.
    Where is this restaurant located?
    The property is located at 16 W Peoria St Paola, KS.
    What is the asking price?
    The asking price for this property is $374,900.
    What are key features of this property?
    This property features: - Fully operational restaurant (Milo's Steakhouse) in a historic building on Paola Square.; - Includes the building, all kitchen equipment, and fixtures.; - Main floor features a bar and dining space with seating for up to 75 guests.
    (913) 557-4333
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    16 W Peoria St Paola, KS 66071
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    Paola, KS 66071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 W Peoria St Paola, KS 66071
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