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Commercial Property in North Topeka (NOTO) Arts District

AUCTION
823 N Kansas Ave, ,
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ONLINE ONLY COMMERCIAL PROPERTY AUCTION!  Rare opportunity to purchase a large commercial property in the midst of the vibrant North Topeka NOTO Arts District. The property is composed of two separate buildings joined by a roofed over alley at 823 N Kansas Ave in Topeka, KS. The first building is vacant, built in 1920 and has 6,528 SF of building area. The second is currently occupied by Two Days Monthly Market, built in 1920 and has 8,172 SF of building area including the 1,952 enclosed alley way. The total lot size is 19,580 SF. Home to over 40 retail stores, art shops, services and restaurants the NOTO Arts District stands out as the colorful heartbeat of North Topeka Kansas.  Bidding opens on July 8th at 9 am CDST and closes July 10th at 2 pm CDST.  Inspections may be made on June 19th from 3 to 6 pm CDST.    Call Brian Lensing at 314-803-1103 for complete details.

START: 7/8/2019 9:00 AM   END: 7/10/2019 2:00 PM

LOCATION: Topeka, KS

AUCTION TYPE: Real Estate

ONLINE ONLY COMMERCIAL PROPERTY AUCTION!  Rare opportunity to purchase a large commercial property in the midst of the vibrant North Topeka NOTO Arts District. The property is composed of two separate buildings joined by a roofed over alley at 823 N Kansas Ave in Topeka, KS. The first building is vacant, built in 1920 and has 6,528 SF of building area. The second is currently occupied by Two Days Monthly Market, built in 1920 and has 8,172 SF of building area including the 1,952 enclosed alley way. The total lot size is 19,580 SF. Home to over 40 retail stores, art shops, services and restaurants the NOTO Arts District stands out as the colorful heartbeat of North Topeka Kansas.  Bidding opens on July 8th at 9 am CDST and closes July 10th at 2 pm CDST.  Inspections may be made on June 19th from 3 to 6 pm CDST.  

PROPERTY FEATURES:

Online Only Commercial Auction
Commercial Property Auction
Topeka, KS Commercial Property
Topeka KS Business Opportunity
N Kansas Ave Building
United Country – Commercial
Online Only Auction UC Auction

AUCTIONEER: Brian Lensing

TERMS: 

TERMS AND CONDITIONS OF AUCTION

1. Online Only Auction (ie Internet Auction) – The auction and the bidding shall begin on Monday, July 8th  at 9 am CDST and begin closing on Wednesday, July 10th at 2 pm CDST.  Bid at www.UnitedCountryCommercial.com. 

2. It is recommended to all bidders to inspect the property prior to placing any bids in the auction.  Property inspections are the responsibility of the bidders.  An inspection date of June 19th from 3 to 6 pm CDST has been set or by appointment.  Informational title work will be available online by June 15th.  

3. By participating in this auction, bidders hereby agree that their bid shall NOT BE SUBJECT to the bidders’ ability to obtain financing.  By placing a bid in this auction, bidders are making a “cash offer” to purchase the property.  Financing is NOT a contingency in the purchase agreement. 

4. All bids are subject to a 3% Buyer’s Premium.  The Contract Price shall be the Bid Price + Buyer’s Premium (Bid Price X  3%).  For example a Bid Price of $100,000 + $3,000 Buyer’s Premium = $103,000 Contract Price.

5. Winning bidder hereby agrees to enter into a Contract to Purchase the property within 24 hours of being declared the Successful Bidder by the Auctioneer.  Upon the close of the auction, the winning bidder will be forwarded via email or fax a Contract to Purchase the property.  A signed copy of the contract must be received by United Country – Commercial within 24 hours of the end of the auction.

6. An escrow deposit of Ten Percent (10%) of the total contract purchase price must be received by Lawyers Title, 5715 SW 21st St, Topeka, KS within 48 hours of the close of the auction.  Acceptable forms of payment include cashier’s check, personal or corporate check or wire transfer.  The balance will be due in full at closing. 

7. Closing shall be on or by Friday, August 9, 2019, at Lawyers Title, Topeka, KS. Out of area buyers will be afforded the opportunity to close via email, mail and wire transfer of certified funds.  Closing costs will be split equally between Buyer and Seller.

8. Title Insurance in the full amount of the purchase price will be provided by the seller.  2019 Real Estate Taxes will be prorated to date of closing. 

9. Under no circumstances shall Bidder have any kind of claim against United Country – Commercial if the Internet service fails to work correctly before or during the auction.  Online bidding is subject to technology faults and issues which are outside the control of the auction company.

All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed.  All lines drawn on maps, photographs, etc. are approximate.  Buyers should verify the information to their satisfaction.  Information is subject to change without notice.  Real estate is being sold “As-Is-Where-Is” with NO warranties expressed or implied.  Please make all inspections and have financing arranged prior to the end of bidding.  The property is being sold subject to all easements, covenants, conditions, zoning and any other existing matters.  Please call if you have any questions regarding the restrictions on this property

Address: 823 N Kansas Ave
City:
Area:
State/County:
Zip: 66608
Country: Shawnee
Property Id : 240737
Start Date: 7/8/2019 9:00 AM
End Date: 7/10/2019 2:00 PM
Auctioneer : Brian Lensing
Listing Number: 24012-01323
Lot Size (AC): 0.50000
Event ID: 74887
Event Type: Real Estate Auction
Property Building Size (SF): 19580
Office ID: 4496

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