120 Peoria St Paola, KS 66071

This exceptional investment opportunity presents a two-story, all-brick commercial building situated on a sizable 0.56-acre lot in the heart of historic downtown Paola, Kansas. The property, located at 120 W Peoria Street, boasts approximately 8,000 square feet of ground-floor retail space, currently configured as a fully operational restaurant, complete with most furnishings and equipment available for negotiation. An added benefit is a spacious upstairs apartment, offering approximately 1,600 square feet of living space, including two or more bedrooms and one and a half bathrooms. The property features a dedicated private parking lot with 34 spaces, supplemented by the convenience of a large adjacent city parking lot to accommodate overflow parking. Built in 1925, this building offers significant potential for a variety of uses. Two previously closed overhead doors, remnants of its earlier industrial use, could be reopened to expand the ground floor space or create additional access points. The strategic location adjacent to Paola's historic town square provides high visibility and proximity to numerous other retail establishments, Paola City Hall, and the Miami County Courthouse, ensuring a strong customer base and high foot traffic. The asking price for this unique property is $575,000. The lot size is 24,544 square feet.