701 S. 8th St., Arkansas City, KS 67005 – Commercial Lot on 5 Acres
* ONLINE ONLY AUCTION *
* DOWNLOAD THE SUNDGREN REALTY APP TODAY *
* BIDDING OPENS APRIL 23 *
Mark McDaniel, Ross W DeVore, Jeffrey T Leggett, Sellers
PROPERTY ADDRESS: 701 S. 8th St, Arkansas City, KS 67005
PROPERTY DESCRIPTION: Tract 9 is a commercial lot on 5 acres in Arkansas City, Kansas. The property is currently has a tenant utilizing the property for equipment and material storage. Great opportunity to invest in income producing real estate!
LEGAL DESCRIPTION: Beginning at a point 524.6 feet South of the Northeast corner of the Northwest Quarter of Section 36, Township 34 South, Range 3 East of the 6th P.M., Cowley County, Kansas, thence West 335.0 feet; thence South making an angle to the left of 89° 58′ with the last described course and running a distance of 300 feet; thence East making an angle to the left of 90° 02′ with the last described course a distance of 335.2 feet; thence North on the North and South half section line, a distance of 300 feet to point of beginning; AND Beginning at the Northeast corner of the Northwest Quarter of Section 36, Township 34 South, Range 3 East of the 6th P.M., Cowley County, Kansas; thence South 524.5 feet; thence West 364.1 feet; thence North 524.5 feet; thence East to place of beginning; EXCEPT: Beginning at the Northeast corner of the Northwest Quarter of Section 36, Township 34 South, Range 3 East of the 6th P.M. Cowley County, Kansas; thence South 154 feet; thence West 177 feet; thence North 154 feet; thence East to place of beginning.
2024 REAL ESTATE TAXES: $1,199.90
PERSONAL PROPERTY: There is not any personal property included in the sale of the real estate.
MANNER OF AUCTION: Tract 9 will not start ending until 5 minutes after Tract 8, Tracts 10 and 11 will not start ending until 5 minutes after the prior tract.
REAL ESTATE PURCHASE CONTRACT
TITLE SEARCH REPORT
TERMS: Bidding will close after 3:00 PM Central on Wednesday April 30, 2025 or once no additional bids have been placed for 2 minutes. Bidding will be by total dollars. Earnest money is $10,000 due at the conclusion of the auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before May 30, 2025. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways, rights of way and subject to court approval. The successful high bidder will be required to sign our real estate purchase contract and be purchasing the property subject to the title search report, both linked above. This property is not selling subject to financing, inspections or appraisal. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. Fence lines, boundaries, and acreages are not guaranteed. All pertinent information is available upon request.
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