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16 W Peoria St
Paola, KS 66071
Retail Property For Sale


Executive Summary
**Note: Restaurant will remain open until sold** Nestled in the historic Paola Square, this building, currently operating as Milo's Steakhouse, holds a rich place in Paola's history. It has functioned as a beloved restaurant under various owners over the years. The main level features the restaurant space which can accommodate around 75 customers, while the upper level, previously 2 apartments, is now used for storage and requires renovations to restore its functionality. Potential buyers should consult with Paola Planning and Zoning, as well as the Codes Department, to ensure that any new ideas comply with regulations. The basement is accessible from the rear of the building and offers additional storage space. This property is being sold AS-IS and includes the building, fixtures and equipment. See Supplements. Again, the owners plan to keep the restaurant open until it sells. Buyers and their agents are encouraged to verify all measurements and perform thorough due diligence, including necessary inspections. Currently zoned for commercial use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
1880/2019
Price
$485,367 CAD
Price Per SF
$107.86 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.07 AC
Zoning
Commercial - Commercial
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 135-16-0-20-32-006.00-0 | Improvements Assessment | $54,997 CAD |
| Land Assessment | $4,010 CAD | Total Assessment | $59,007 CAD |
Property Taxes
Parcel Number
135-16-0-20-32-006.00-0
Land Assessment
$4,010 CAD
Improvements Assessment
$54,997 CAD
Total Assessment
$59,007 CAD
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