516 N 1st. St. Arkansas City KS

2 TRACT AUCTION - FORMER PHYSICIANS OFFICE & VACANT LOT

Tract 1: 515 N. Summit Street: 4,080± SF free-standing building

Tract 2: 516 N. 1st St 6,600± SF parking lot

Online Only | Bidding Ends Tuesday September 30th - First lot closing at 1:00 PM Central Time

Weigand Auctions is proud to present two prime properties.

Weigand Auctions is excited to present two tracts well suited to be purchased together or seperately. Located in the heart of Ark City, KS, this auction features two distinct parcels totaling around 22,044 SF when combined along Ark City’s main thoroughfare, Summit Street.

Tract 1 – This 4,080 SF former physicians office has great frontage along Summit St. and sits on a 15,444 SF lot, providing ample parking for clients and employees. 

Tract 2 – This 6,600 SF vacant lot with gravel is currently being used for overflow parking.

AUCTION PROCEDURES: Auction is subject to seller’s confirmation. Online bidding is by approval only. Bidding will remain open until one(1) minute has passed without receiving an acceptable bid. J.P. Weigand & Sons, Inc. Auction reserves the right to request a proof of funds letter from a bank to participate in online bidding. BUYER’S PREMIUM: A buyer’s premium
of ten percent (10%) of the final bid will be added to the final bid price to determine the total purchase price.

AUCTION TERMS: The successful bidder shall be required to deposit, as non-refundable earnest money, an amount equal to either: (a) ten percent (10%) of the total of the combined amount of the Final Bid Price and of the Buyer’s Premium if bidder opts for closing to occur thirty (30) days from the full execution of the Auction Real Estate Purchase Agreement; or (b) fifteen percent (15%) of the total of the combined amount of the Final Bid Price and of the Buyer’s Premium if bidder opts for closing to occur forty-five (45) days from the full execution of the Auction Real Estate Purchase Agreement. Final determination of earnest money and closing to be made upon bidder’s execution of the Auction Real Estate Purchase Agreement. Checks will be made payable to and held in escrow by a title company to be named. The balance of the purchase price will be paid in certified funds at closing.

IMPORTANT NOTICE TO ALL BIDDERS: All the information contained in this brochure was obtained from sources believed to be correct but is not guaranteed. This property will be sold “as is, where is” and bidders shall only rely on their own information, judgment, and inspection of the property and records. This property will be sold subject to any applicable Federal, State, and/or Local Government Regulations. Property is subject to sale prior to the completion
of the auction.

BROKER PARTICIPATION: At the completion of a successful closing, a fee of three percent (3%) of the final bid price will be paid by J.P. Weigand & Sons, Inc. to the broker properly registering and representing the successful bidder. Please visit WeigandAuctions.com for a detailed explanation of Terms and Conditions.