12 Peoria St Paola, KS 66071-1707
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.
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Miami County Kansas Historical Society & Museum Museum Tourist Attraction
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.