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Property profile & analytics
OFF-MARKET
Retail space

12 Peoria St Paola, KS 66071-1707

2,172 SF Built 1895
Entity Owned Free & Clear
Property ID
US33-1153983
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,443 square foot retail building situated on the north side of Paola's town square at 12 W Peoria Street, Paola, Kansas, 66071. Built in 1890, the property offers significant potential for redevelopment. The building requires a full renovation, presenting a blank canvas for a discerning buyer to create a unique retail space or potentially convert it to office use. The prime location within the historic town square ensures high visibility and foot traffic, making it an ideal spot for a variety of businesses. The substantial lot size provides ample space for potential expansion or outdoor amenities. This property is priced affordably at $60,000, representing a compelling value for an investor seeking a project with significant upside potential in a desirable Kansas town. The address is easily accessible and benefits from the established infrastructure and amenities of Paola's downtown area. This is a rare chance to acquire a piece of Paola's history and shape its future. The property's location within the town square offers excellent visibility and accessibility, attracting potential customers and clients. The substantial square footage allows for flexible design and layout options to suit a variety of business needs. This is a unique opportunity to acquire a property with significant potential for growth and return on investment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1895
Total area 2,172 SF
APN 135-16-0-20-31-006.01-0
UPID US33-1153983
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Miami County Kansas Historical Society & Museum Museum Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
MIAMI COUNTY HISTORICAL SOCIETY
MIAMI COUNTY HISTORICAL SOCIETY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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