Technical
Financial
Distress signals
Property profile

120 Peoria St Paola, KS 66071

OFF-MARKET
Retail space
Property ID
US33-1403504
5,610 SF 0.56 ac lot Built 1925
Trust Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 120 W Peoria Street in Paola, Kansas, presents a unique investment opportunity. Situated on a 0.56-acre lot, the property boasts approximately 8,000 square feet of all-brick building space, currently configured as a full-service restaurant. The included furnishings and equipment are negotiable, offering flexibility for the new owner. A significant advantage is the ample parking: a private lot with 34 spaces supplements the adjacent large city parking lot, ensuring convenient access for customers. Adding to the property's versatility, two overhead doors, previously closed during a conversion from industrial to retail use, could be reopened to accommodate a variety of potential uses. The property also includes a spacious upstairs apartment featuring two or more bedrooms and one and a half bathrooms, totaling approximately 1,600 square feet. This prime location is adjacent to the historic Paola Town Square, placing it within easy reach of other retail establishments, service businesses, Paola City Hall, and the Miami County Courthouse. The high visibility and convenient location make this property ideal for a variety of commercial ventures. Owner financing is available, making this an attractive proposition for qualified buyers. The property's combination of retail space, residential apartment, and ample parking makes it a truly unique and versatile investment opportunity in the heart of Paola, Kansas.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Total area 5,610 SF
Lot 0.56 ac (24,394 SF)
APN 135-16-0-20-33-002.00-0
UPID US33-1403504

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Peoria St Paola, KS 66071-1412
Paola metro Census 100601 KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$835k
Comparable Approach Comparable
$657k
Blend (final) Blend
$600k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $950,000 +79.3%
Office building $790,000 +49.2%
Commercial (general) $600,000 +13.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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