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    1601 Peoria St Paola, KS 66071

    For Sale
    $1,499,000

    Prime Retail Space in Paola, KS - 3 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 1601 E Peoria Street in Paola, Kansas, presents a unique investment opportunity. Built in 2008, this single-story building boasts a total of 9600 square feet situated on a 1.2-acre lot. The attractive stone and brick exterior offers excellent curb appeal and high visibility, strategically positioned just off Highway 169 on the main Paola exit (Baptiste Drive). Its prime location ensures easy access and high traffic volume, benefiting from proximity to a hotel, fast-food restaurants, banks, and gas stations. Ample parking is available for customers and employees. The building is currently divided into three distinct units. A 2400-square-foot space is occupied by Pizza Hut, while a 1200-square-foot unit houses an Edward Jones office. The largest unit, comprising 6000 square feet, is currently vacant. This space previously served as a medical office/dialysis center and offers significant potential for a new tenant. This large space can be leased as is or subdivided to accommodate multiple businesses. The asking price for this exceptional property is $1,499,000. This presents a rare chance to acquire a well-established retail center with strong existing tenants and significant expansion potential in a thriving Kansas community. The zip code is 66071.

    Property Features for 1601 Peoria St

    General Information

    Property type
    Retail properties
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2008
    Stories
    1

    HighLights

    • 9,600 SF retail building on 1.2‑acre lot in Paola, KS (66071).
    • Built in 2008, with attractive stone and brick exterior.
    • High‑visibility location off Highway 169, near amenities.
    • Three units: 2,400 SF (Pizza Hut), 1,200 SF (Edward Jones), and 6,000 SF vacant (former medical office).
    • Ample parking.
    • Asking price: $1,499,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prothe Appraisal Services, ... Real Estate Appraiser Edward Jones - Financial ... Financial Consultant MediaLoop, LLC Marketing Agency Free Range Association Or Organization Dr. Kristine Herron Nephrologist

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Paola
    County
    Miami
    State
    Kansas
    Longitude
    -94.8581811
    Latitude
    38.570403

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space in Paola, KS - 3 Units
    Where is this retail property located?
    The property is located at 1601 Peoria St Paola, KS.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: 9,600 SF retail building on 1.2-acre lot in Paola, KS (66071).; Built in 2008, with attractive stone and brick exterior.; High-visibility location off Highway 169, near amenities.
    Request Owner's contact information
    1601 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
    1601 Peoria St Paola, KS 66071
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