American Legion Building

Retail-Commercial for Sale
Sale Pending
Also listed as Industrial
Catylist Listing ID: 30338482
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending
Building Size (RSF): 7,200 SF
Gross Land Area: 1.34 - 2.06 Acres
Sale Price: See Agent
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: American Legion Building
Usable Size (USF): 7,200 SF
Sale Terms: Undisclosed, Other
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 6/3/2019

Overview / Comments

Former American Legion Post, Original building was destroyed by fire, this is the New construction replacement, Seller is not able to complete. This is an opportunity for a business looking to owner occupy a new building or investor who would want to complete the building as an investment to lease. Property being sold in "AS IS" condition. ***OFFERED AT AUCTION***Property being sold in "AS IS" condition. ON SITE REAL ESTATE AUCTION: THURSDAY, MAY 30th, 2019, 6:00 PM ***BROKER/AGENT PARTICIPATION IS RECOGNIZED, AND A 3 % REFERRAL COMMISSION IS BEING OFFERED TO THE BUYERS’ BROKER/AGENT PRE-REGISTERING THE SUCCESSFUL BUYER. CONTACT THE LISTING BROKER FOR PRE-REGISTRATION MATERIALS. TOTAL PURCHASE PRICE WILL INCLUDE A 10% BUYER’S PREMIUM WHICH WILL BE ADDED TO THE FINAL BID. THIS IS A RESERVE AUCTION! SELLER OR SELLER’S REPRESENTATIVE WILL BE AVAILABLE TO ENTERTAIN ALL BIDS. The property is being sold "AS-IS, WHERE-IS" and without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations and due diligence concerning the described property. It is the buyer’s responsibility to have any and all desired inspections completed prior to bidding. Descriptions are believed to be accurate but are not guaranteed. All announcements made day of sale supersede any and all printed material. The seller is offering no other terms or contingencies. You're encouraged to seek financing, just understand your bidding is not contingent on financing or inspections. A non-refundable deposit of $2,500 is due the day of auction and upon the execution of the purchase agreement. Deposit may be in the form of Cashier’s Check, or Personal Check.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 213080110100200A
Zoning: LIMITED COMMERCIAL
Retail Clientele: General
Property Located Between: East of Broadway, next to Don Schmid Salvage
Property Visibility: Good
Largest Nearby Street: Broadway
Feet of Frontage: 125
Site Description: This is a new 7,200 sqft metal building built in 2017 after the original building was destroyed by a fire. The new building is approximately 80% complete. It resides on 1.34 acres by legal description, however, there is another approximately .75 acres include in the sale, the back (south end) portion of the property was platted as residential lots, which are now land locked and unusable for residential construction.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,200 SF
Property Condition: Excellent
Year Built: 2017
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Parking Description: Previous parking lot has been partially destroyed, a new parking lot will need to be created after purchase, size and amount of stalls unknown.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Other
Interior Description: Unfinished interior, rough in for two restrooms, kitchen, bar, dry storage, and large open setting/dining area.
Zoning Description: Limited Commercial (except the approximate .75 acres on the south end is Single Family)
Lot Frontage: 124.5
Lot Depth: 742
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Ingress/Egress, Utilities
Legal Description: LOT 1 EXC W 340 FT THEREOF AMERICAN LEGION ADD EXEMPT 6103-0; LOT 10 EXC W 32 FT THEREOF AMERICAN LEGION ADD.; PLATTED AS GARDENS @ WICHITA PLACE ADDITION STARTING KEY# A-20345 (30000639); LOT 12 AMERICAN LEGION ADD.; LOT 13 EXC W 32 FT THEREOF AMERICAN LEGION ADD.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,990 102,597 207,697
Median Age: 31.6 32.44 33.4
Households: 5,023 40,156 84,344
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