Refine Search
Sort by
16 W Peoria Street, Paola
$249,950
*** OWN A PIECE OF HISTORIC DOWNTOWN PAOLA — 4,600 SF± OF POSSIBILITIES! *** Located on the north side of the historic Paola Square, this two-story commercial building is home to Milo's Steakhouse, a long established, currently operating restaurant, and offers exciting opportunities for restaurant operators, investors, and entrepreneurs. The approximately 2,760 SF main level features a fully equipped restaurant space with commercial kitchen, bar, dining area, and restaurant equipment and fixtures included in the sale. Upstairs, approximately 1,840 SF of space previously configured as residential apartments offers excellent potential for renovation into rental units, professional offices, or other income-producing uses, subject to necessary improvements and city approvals. The basement provides additional storage and utility space. Whether your vision is to establish your own restaurant or lease the main level or redevelop the upper floor, this historic downtown property offers multiple possibilities under one roof. $$ NOW OFFERED AT ONLY $249,950 — APPROX $54 PER SQUARE FOOT ABOVE GRADE INCLUDING RESTAURANT EQUIPMENT AND FIXTURES! $$ Sale includes the land, building, specified restaurant equipment, and fixtures only - the existing restaurant business is NOT included. Zoned Commercial. Sold AS-IS. Buyer to verify square footage, permitted uses, renovation requirements, and property condition. Additional information available in Supplements. Get with your favorite Buyer's agent to schedule a showing, or call or text me at 913-259-8652, or email me at joefester@crownrealty.com. Share this with your friends. Someone you know is thinking about buying this property right now! ??

16 W Peoria Street, Paola

Listing courtesy of Joe Fester of Crown Realty.

The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and the company represented by this website do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Data last updated . Terms of Use

How much is your home worth?

Get instant property value now!