5.35 AC on W. U.S. Highway 54

Vacant Land for Sale
Auction
Catylist Listing ID: 30387416
Property Subtypes: Industrial, Other
Gross Land Area: 233,046 SF
Sale Price: See Agent
Sale Terms: Undisclosed
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 11/19/2021

Overview / Comments

ONLINE AUCTION: City has acquired right of way for Kellogg overpass on adjoining property. 4 tracts being sold as one. Bidding starts 11/16/21 2PM CST. Bidding Ends 12/2/21 10:30AM CST. Starting bid is $200,000. Total purchase price will include a 10% Buyer's Premium added to the final bid. Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Seller responsible for any prior year taxes. 2021 Taxes will be prorated between Seller & Buyer based on 2020 Taxes of $ 908.80. Minerals are believed to be intact and will transfer to Buyer. Earnest money of $40,000 is non-refundable and purchase contract is not contingent on financing and is due in the form of a personal, business or cashier’s check or by wire the day after the auction end and will be applied to purchase at closing. Closing will be on or before 1/3/22. This property is selling As-Is-Where-Is, in its present condition and will be accepted by the Buyer(s) without any expressed or implied warranties or representations from the Seller(s) or their agent(s). Buyer is responsible for all inspections and due diligence prior to auction. It is incumbent upon the Buyer(s) to exercise their own due diligence prior to bidding on this property. If the property has improvements of any kind. It is also the responsibility of the prospective Buyer(s) to have any and all inspections completed prior to the start of auction bidding including, but not limited to the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint and/or lead-based paint hazards; presence of mold or radon gas; presence of asbestos; electrical; mechanical; appliances; heating; air conditioning; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns and any other desired inspections, if any. Information given is from sources deemed reliable, but NOT guaranteed by the Seller(s) or the Realtor(s). All documents will be made available online to prospective buyers prior to auction. If documents are not understood, broker recommends buyer to seek legal advice prior to bidding. Your bid participation acknowledges the acceptance of all documents. Announcements made online or orally prior to the auction will take precedence over any previous statements, printed material or oral information. Successful winning Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction. In the event of any technology errors, Lange Real Estate is not responsible for any missed lots and/or bids. Said company reserves the right to re-run and/or pause/restart the bidding at any point in time at the discretion of said company.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087148340110000100
Zoning: 1.82 AC LIMITED INDUSTRIAL, REMAINING ACREAGE SINGLE FAMILY (SF-20)
Property Located Between: 151st St W. & 155th St W.
Property Visibility: Fair
Legal Description: Tract 1-BEG INTSEC S LI US 54-HWY ROW & E LI NE1/4 W 291 FT S 10 FT W 176 FT S 460 FT E 467 FT N 470 FT TO BEG EXC PT DEEDED TO CITY FOR HWY SEC 34-27-2W Tract 2-BEG 600 FT N SE COR NE 1/4 NE 1/4 W 403.33 FT N 129 FT E 403.33 FT S 129 FT TO BEG EXC THAT PT DEEDED TO HWY SEC 34-27-2W Tract 3- BEG 384 FT N SE COR NE 1/4 NE 1/4 W 403.33 FT N 216 FT E 403.33 FT S 216 FT TO BEG EXC THAT PT DEEDED TO CITY FOR HWY SEC 34-27-2W Tract 4- BEG 276 FT N SE COR NE1/4 NE1/4 W 403.33 FT N 108 FT E 403.33 FT S 108 FT TO BEG EXC THAT PT DEEDED TO CITY FOR HWY SEC 34-27-2W
Largest Nearby Street: W. Highway 54 (Kellogg)
Airports: Eisenhower Airport
Site Description: Vacant commercial land
Area Description: Near other businesses, excellent access on 151st to Kellogg
Zoning Description: 1.82 AC unlimited commercial, balance Single Family
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,454 26,840 71,962
Median Age: 35.36 38.02 37.65
Households: 1,131 9,431 26,395

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