16 W Peoria Street, Paola, KS 66071

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$390,000
 est. $1,952/mo

**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 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. Don’t miss this rare opportunity to own a piece of Paola’s history! Whether you envision continuing Milo’s Steakhouse’s legacy or reimagining the space, this property offers endless potential in a vibrant and historic location. 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.
City
Paola
County
Miami
Property Type
Business Opportunity / Business Opportunity
Listing Updated
Jan 21, 2025 at 1:01pm
MLS Number
2497339
Property Tax
$5,851
Zoning
$COM
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