16 W Peoria Street, Paola, KS 66071
Miami County
Key Facts
Description
New month. New deal! EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! Historic mixed-use commercial building on the Paola Square offering outstanding value and multiple income possibilities. The main level features approximately 2,760+/- SF of fully equipped restaurant space with commercial kitchen, bar, and dining area, while the 1,840+/- SF second floor offers excellent potential for apartments, office space, short-term rentals, or additional commercial use. A basement provides valuable storage and utility space. Offered at just $275,000 (approximately $60/SF above grade), this property includes the building, restaurant equipment, and fixtures, making it an attractive opportunity for investors, developers, or owner-users seeking a well-located downtown asset with significant upside potential. Zoned commercial and sold AS-IS. Buyer to verify all measurements, inspections, permitted uses, and renovation requirements with the City of Paola. Additional information available in Supplements.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1880
Stories
2
Living Area
4,577 sq ft
Lot Size
0.07 acres
Zoning
COM
Days on Market
729
MLS® Listing#
2497339
Property Features
Parking
Utilities
Financial Details
Annual Taxes
$5,851
Parcel Number
135-16-0-20-32-006.00-0
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.
Affordability Calculator
$55,000
Estimated monthly payment
$1,464/mo
Principal $220,000 · Est. interest $306,920 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Paola, KS
- $491,667
- Median Listing Price
- 62
- Median Days on Market
- 2,114
- Median Sq Ft
- $203
- Median Price / Sq Ft
- 39
- Active Listings
- This home’s price is 44% below the area median.
- Its price per sq ft is 70% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Paola, KS.
Location
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Points of Interest in Paola, KS
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 201 E Miami Street, Paola, KS | $199,000 | 2 | 1 | 972 |
| 304 E Shawnee Street, Paola, KS | $199,000 | 3 | 1 | 936 |
| 343rd Hedge Lane, Paola, KS | $200,000 | — | — | — |
| 00000 Crescent Hill Road, Paola, KS | $235,000 | — | — | — |
| 0000 Hilltop Drive, Paola, KS | $239,590 | — | — | — |
| Lot 7 W 287th Street, Paola, KS | $239,950 | — | — | — |
Moving Cost Estimate
EXIT Agents in Paola
Listing Courtesy: Crown Realty - 913-259-8642
Last Updated: 2024-07-02
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