Commercial Office Building Auction – 228 W Central in El Dorado

ADDRESS: 228 W CENTRAL AVE, EL DORADO KS 67042

PROPERTY DESCRIPTION: Commercial office building directly across the street from the Butler County Courthouse. The main floor currently has 4 offices, reception/waiting area, file room, kitchenette, and bathroom. The 2nd floor, which could be occupied by a separate tenant offers 7 offices, 2 storage rooms, and 2 bathrooms. Total finished square footage is 3,780. The partial basement is used for storage. Roof was replaced in July of 2015.

2018 REAL ESTATE TAXES: $2720.26, Stormwater Special: $28.05

LEGAL DESCRIPTION: LOWER’S ADD TO EL , CENTRAL AVE S75.23 LT 38 SECTION 02 TOWNSHIP 26 RANGE 05E

EARNEST MONEY: $2,500

TERMS: There will be a 10% buyers premium added to the high bid to determine the contract price. Earnest money is specified above and 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 September 6, 2019. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. 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. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.