Commercial Land for Sale in Paola, Kansas
16 W Peoria St Paola, KS 66071
Note: Restaurant will remain open until sold
What a deal! Milo's Steakhouse. 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.
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.
Location
- Street Address
- 16 W Peoria St
- County
- Miami County
- Elevation
- 912 feet
Property details
- Zoning
- COM
- MLS Number
- HMLS 2497339
- Date Posted
Parcels
- 135-16-0-20-32-006.00-0
Legal description
PAOLA RE-SURVEY , BLOCK 33 , LOT 8 , E23 W35.5 LT8 BLK33 SECTION 16 TOWNSHIP 17 RANGE 23
Detailed attributes
Listing
- Type
- Commercial Sale
Structure
- Stories
- 2
Exterior
- Parking
- On Street
- Features
- Building Sign
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
July 3, 2024 | Price increase | $390,000 | $75,000 23.8% | HMLS |
July 3, 2024 | New listing | $315,000 | — | HMLS |