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Mixed-Use Building with Restaurant
For Sale
$275,000

16 W Peoria Street, Paola, KS 66071

Commercial Sale, Paola, KS

Property SizeContact for details
Lot Size0.07 Acres
Days on Market791

Property Features for 16 W Peoria Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COM
Parking features On Street
Exterior features Building Sign
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 right. There is no real estate sign per seller's request.
Subdivision 380 - Miami County, KS
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
Legal Description PAOLA RE-SURVEY , BLOCK 33 , LOT 8 , E23 W35.5 LT8 BLK33 SECTION 16 TOWNSHIP 17 RANGE 23

Utilities

Utilities Water Available

Building Details

Year built 1880
Floors in Building 2
Listing Agency: Crown Realty
Listed By: Joe Fester · License #SP00237023
Added: Jul 2, 2024 Changed: Aug 19 Last Checked: Aug 31 at 8:06AM
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.

Investment Insights

Based on property information with market context.

Constructed in 1880, this commercial building combines an operating-style restaurant layout with adaptable upper-level space. The main floor contains approximately 2,760+/- SF arranged for food service, including a commercial kitchen, bar, and dining area. Restaurant equipment and fixtures are included. A second floor of approximately 1,840+/- SF provides additional interior area for apartments, offices, short-term rentals, or other commercial applications, subject to verification of permitted uses and renovation requirements. Basement space adds storage and utility capacity.

Located at 16 W Peoria Street in downtown Paola, the property sits on the Paola Square and is zoned COM. Exterior features include building signage, with on-street parking available. Water is available, and the property is being sold AS-IS. Buyers should independently confirm measurements, inspections, allowable uses, and construction needs with the City of Paola.

Key Highlights

  • Approximately 2,760+/- SF of main‑level restaurant space
  • Approximately 1,840+/- SF second floor for additional commercial or residential use
  • Commercial kitchen, bar, dining area, equipment, and fixtures included

Property Analytics

Current Use

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

Suggested Use

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

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

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level commercial property includes a fully equipped dining operation and additional upper-floor space.
Where is this mixed-use property located?
The property is located at 16 W Peoria Street Paola, KS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 2,760+/- SF of main‑level restaurant space; Approximately 1,840+/- SF second floor for additional commercial or residential use; Commercial kitchen, bar, dining area, equipment, and fixtures included
More about this property
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