# 16 W Peoria Street, Paola, KS 66071

> **TL;DR:** commercial, $290,000, built 1880. Est. $1,257/mo. Listed 699 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $290,000 |
| Year Built | 1880 |
| Lot Size | 2,932 sqft (0.07 acres) |
| Stories | 2 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 699 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,257 |
| **Total** | **$1,257** |

## Property Highlights

- Built in 1880
- 0.07 acre lot
- 2 stories

## Description

### Agent Description
ALMOST 11% PRICE REDUCTION - INCREDIBLE VALUE! Rare opportunity to own both a successful restaurant and the real estate on the historic Paola Square. The iconic Milo's Steakhouse is a fully operational restaurant located in a prominent, character-filled downtown building with excellent visibility and traffic exposure. The main level features a bar and dining area with seating for approximately 75 guests. The upper level, previously configured as two apartments and currently used for storage, offers excellent potential for renovation, expansion, event space, or additional income. A rear-access basement provides additional storage. Sale includes the building, kitchen equipment, and fixtures for a smooth transition to new ownership. Zoned commercial and sold AS-IS. Buyer to verify all measurements, inspections, permitted uses, and renovation requirements with the City of Paola. Restaurant will remain open until the building sells. Additional information available in Supplements.

## Location

- **Address:** 16 W Peoria Street, Paola, KS 66071
- **County:** Miami
- **Coordinates:** 38.573017, -94.878301
- **Google Maps:** https://www.google.com/maps?q=38.573017,-94.878301

## Listing Agent

- **Name:** Joe Fester
- **Brokerage:** Crown Realty
- **Phone:** 9132598642
- **Email:** joefester@crownrealty.com

## Primary Photo

![16 W Peoria Street - Primary Photo](http://lh.rdcpix.com/dddcc524dcca635f5a79d2ce69a7a341l-f297455120r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/16-w-peoria-street-paola-ks-66071-2497339)*

---

**MLS#:** 2497339 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/16-w-peoria-street-paola-ks-66071-2497339)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "16 W Peoria Street, Paola, KS 66071",
  "description": "ALMOST 11% PRICE REDUCTION - INCREDIBLE VALUE! Rare opportunity to own both a successful restaurant and the real estate on the historic Paola Square. The iconic Milo's Steakhouse is a fully operational restaurant located in a prominent, character-filled downtown building with excellent visibility and traffic exposure. The main level features a bar and dining area with seating for approximately 75 guests. The upper level, previously configured as two apartments and currently used for storage, off",
  "url": "https://www.propertysimple.com/listing/16-w-peoria-street-paola-ks-66071-2497339",
  "image": "http://lh.rdcpix.com/dddcc524dcca635f5a79d2ce69a7a341l-f297455120r.jpg",
  "datePosted": "2026-06-19",
  "price": 290000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "16 W Peoria Street",
    "addressLocality": "Paola",
    "addressRegion": "KS",
    "postalCode": "66071",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 38.573017,
    "longitude": -94.878301
  },
  "yearBuilt": 1880
}
```