120 W Peoria St Paola, KS 66071
Property profile & analytics
120 W Peoria St, Paola, KS 66071
- Retail space
- 5,610 SF
- 0.56 lot acres
Property ID
US33-1403504
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 120 W Peoria St
- Year built
- 1925
- Lot size
- 0.56 lot acres
- Property type
- Retail space
- APN
- 135-16-0-20-33-002.00-0
- APU
- 1351602033002000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $905,000
- 6.5%
- $835,000
- 7%
- $775,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $657,000
Market price range: $294k - $749k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $530,000 Current use
- RESTAURANT
- $950,000 Change: +79% Conversion: Easy
- OFFICE BUILDING
- $790,000 Change: +49% Conversion: Easy
- COMMERCIAL (GENERAL)
- $600,000 Change: +14% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $585,000 Change: +11% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $490,000 Change: -7% Conversion: Difficult
- WAREHOUSE, STORAGE
- $425,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Paola
- County
- Miami
- State
- Kansas
- Longitude
- -94.8796
- Latitude
- 38.5732
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,685
$20,628
$59,242
$79,870
-
$82,510
$260,430
$342,940
