16 W Peoria Street, Paola, KS 66071

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$355,000
 est. $1,821/mo

Price Reduction to kick off the New Year! Restaurant & Building for Sale on the Paola Square. You couldn’t buy or build a restaurant building like this today for this price! A rare opportunity to own both the business and the real estate in the heart of downtown Paola. The historic Milo’s Steakhouse is a fully operational restaurant housed in a prominent, character-rich building on the Paola Square. The main level features a bar and dining area with seating for approximately 75 guests. The upper level, formerly configured as two apartments, is currently used for storage and offers renovation or expansion potential. A rear-accessible basement provides additional storage space. The sale includes the building, all kitchen equipment, and fixtures, allowing for a seamless transition of ownership. Zoned commercial and sold AS-IS. Buyer to verify all measurements, conduct inspections, and confirm permitted uses and renovations with Paola Planning & Zoning and the Codes Department. Restaurant to remain open until closing. Additional details available in Supplements.

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
Commercial Sale / Retail
Listing Updated
Dec 29, 2025 at 8:12am
MLS Number
2497339
Property Tax
$5,851
Zoning
$COM
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