Commercial Land for Sale in Paola, Kansas
16 W Peoria St, Paola, KS 66071
PRICE REDUCTION - Restaurant for Sale on Paola Square. The historic Milo's Steakhouse, a fully operational restaurant located in a historic building in downtown Paola, is available for purchase. The main floor includes a bar and dining space with seating for up to 75 guests. The upper level, formerly two apartments, is currently used for storage and offers potential for renovation. The basement is accessible from the rear of the building and provides additional storage. The sale includes the building, all kitchen equipment, and fixtures. The property is zoned commercial and is being sold AS-IS. Buyers are responsible for verifying all measurements, conducting inspections, and confirming any intended use or renovations with Paola Planning & Zoning and the Codes Department. The restaurant will remain in operation until the sale is finalized. See Supplements for additional information.
Location
- Street address
- 16 W Peoria St
- County
- Miami County
- Elevation
- 912 feet
Directions
From Olathe - take US 169 south to Paola exit at Baptiste Dr and turn right. Make a left at Hedge Lane then a right at Peoria St. Continue west on Peoria to the square and the building is on the right. There is no real estate sign per seller's request.
Property details
- Lot size
- 0.067 acres2,919 sq ft
- Zoning
- COM
- MLS #
- HMLS 2497339
- Posted
Parcels
- 135-16-0-20-32-006.00-0
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Business
Exterior
- Parking
- On Street
- Features
- Building Sign
Structure
- Stories
- 2
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 9, 2025 | Price drop | $374,900 | $15,100 -3.9% | HMLS |
| July 3, 2024 | Price increase | $390,000 | $75,000 23.8% | HMLS |
| July 3, 2024 | New listing | $315,000 | — | HMLS |