For Sale
$495,000

120 Peoria St Paola, KS 66071

Restaurant w/ Apartment & Parking

Overview

Added:
Feb 3
Days on market:
80
This exceptional retail property, located at 120 W Peoria Street in Paola, Kansas, presents a unique investment opportunity. Situated on a 0.56-acre lot, the property boasts approximately 8,000 square feet of all-brick building space, currently configured as a full-service restaurant. The included furnishings and equipment are negotiable, offering flexibility for the new owner. A significant advantage is the ample parking: a private lot with 34 spaces supplements the adjacent large city parking lot, ensuring convenient access for customers. Adding to the property's versatility, two overhead doors, previously closed during a conversion from industrial to retail use, could be reopened to accommodate a variety of potential uses. The property also includes a spacious upstairs apartment featuring two or more bedrooms and one and a half bathrooms, totaling approximately 1,600 square feet. This prime location is adjacent to the historic Paola Town Square, placing it within easy reach of other retail establishments, service businesses, Paola City Hall, and the Miami County Courthouse. The high visibility and convenient location make this property ideal for a variety of commercial ventures. Owner financing is available, making this an attractive proposition for qualified buyers. The property's combination of retail space, residential apartment, and ample parking makes it a truly unique and versatile investment opportunity in the heart of Paola, Kansas.

Property Details for 120 Peoria St

Property type
Retail properties
Year Built
1925
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Paola
County
Miami
State
Kansas
Latitude
38.57315
Longitude
-94.87948

FAQs

What type of property is this?
Retail property - Restaurant w/ Apartment & Parking
Where is the retail property located?
The property is located at 120 Peoria St Paola, KS.
What is the asking price?
The asking price for this property is $495,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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120 Peoria St
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