16 W Peoria Street, Paola, KS 66071

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$390,000
 est. $1,952/mo

PAOLA - Milo's Steak House for sale! **Restaurant will remain in operation until it is sold** Situated in the heart of the Paola Square, this historic building—currently Milo's Steakhouse—holds a special place in the town’s rich history. Over the years, it has served as a beloved dining destination under different owners, and continues to do so today. The main floor offers a cozy restaurant space, seating up to 75 guests, while the upper level—formerly two apartments—is currently used for storage and awaits renovation to restore its original functionality. Potential buyers should consult with Paola Planning and Zoning, as well as the Codes Department, to ensure that any new ideas comply with regulations. The basement is accessible from the rear of the building and offers additional storage space. This property is being sold AS-IS and includes the building, fixtures and equipment. See Supplements. Again, the owners plan to keep the restaurant open until it sells. Buyers and their agents are encouraged to verify all measurements and perform thorough due diligence, including necessary inspections. Don’t miss this rare opportunity to own a piece of Paola’s history! Whether you envision continuing Milo’s Steakhouse’s legacy or reimagining the space, this property offers endless potential in a vibrant and historic location. Currently zoned for commercial use.

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
Business Opportunity / Business
Listing Updated
Jul 02, 2025 at 8:07am
MLS Number
2497339
Property Tax
$5,851
Zoning
$COM
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