1601 Peoria St Paola, KS 66071-1893
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.
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Prothe Appraisal Services, Inc. Real Estate Agency
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Edward Jones - Financial Advisor: Monty M Chayer Financial Advisor
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MediaLoop, LLC Advertising Agency Marketing & Advertising
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Free Range Association Or Organization
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Dr. Kristine Herron Physician Medical Clinic
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
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.