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Two-Story Restaurant Building
New
For Sale
$249,950

16 W Peoria Street, Paola, KS 66071

The main floor contains an equipped restaurant, while upper-level space and a basement provide additional building area.

Property Size4,600 SF
Price / SF$54.34
Days on Market3

Property Features for 16 W Peoria Street

General Information

Standard status Active
Size 4,600 SF
Property subtype Commercial
Zoning COM

Additional Details

Asking Price $249,950
Equipment Included Yes
Currently Operating Yes

Amenities

commercial kitchen
bar
dining area
storage space
utility space
Building Sign

Building Details

Year Built 1880
Buildings 1
Stories 2
Listing Agency: Crown Realty
Listed By: Joe Fester · License #SP00237023
Source: Fishburnrealtyllc
Added: Oct 26 Last Checked: Oct 26 at 2:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crown Realty

Rey
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Investment Insights

Based on property information with market context.

Built in 1880, this two-story commercial property contains approximately 4,600 square feet. The roughly 2,760-square-foot main level is set up for restaurant service, with a commercial kitchen, bar and dining area. Specified restaurant equipment and fixtures are included in the sale; the operating restaurant business is not. A basement adds storage and utility space.

The approximately 1,840-square-foot upper floor was previously arranged as residential apartments. Any renovation or future use is subject to required improvements and city approvals. The property is zoned COM and stands on the north side of the historic Paola Square at 16 W Peoria Street in Paola, Kansas.

Key Highlights

  • Approximately 4,600 square feet across two stories, plus a basement
  • Main level offers approximately 2,760 square feet with a commercial kitchen, bar and dining area
  • Upper floor contains approximately 1,840 square feet; previously configured as residential apartments

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Suggested Use

Top Pick Dental Office HVAC Service Bakery (Bike/Boat/Book/etc) Store Barber Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

463
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 82% Dining 18%
Casey's General Store Shops & Services
4,398 visits/mo 0.3 miles
Valero Energy Shops & Services
2,561 visits/mo 0.5 miles
Simple Simon's Pizza Dining
1,559 visits/mo 0.1 miles

Demographics for 66071, KS

12,416
Population
5,415
Households
2.3
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
229.3 sq mi
ZIP Area
54
Density / Sq Mi
$82,042
Median Household Income
$48,676
Median Earnings
$1,068
Median Rent
$261,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The main floor contains an equipped restaurant, while upper-level space and a basement provide additional building area.
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 $249,950.
What are key features of this property?
This property features: Approximately 4,600 square feet across two stories, plus a basement; Main level offers approximately 2,760 square feet with a commercial kitchen, bar and dining area; Upper floor contains approximately 1,840 square feet; previously configured as residential apartments
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