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GONE! Bank-Owned Commercial Property Auction

Free-Standing Turnkey Restaurant Facility on Major Highway Interchange. Seller’s Reserve only $100,000! (Last list = $395,000!)


3,661SF sit-down restaurant on .91 acres, paved 55 space parking lot, drive-thru window. Includes all furniture, fixtures and equipment + good signage. Zoned C-2. KFC/Taco Bell, Subway, Holiday Inn Express & more nearby. $100,000 minimum!

LIVE ON-SITE AUCTION
Began: 10/10/13 at 1:00 PM CDT
Location: 13035 Canaan Center Drive, Bonner Springs, KS 66012
INSPECTION
Began: 09/26/13 at 11:00 AM CDT
Ended: 09/26/13 at 1:00 PM CDT
Location: 13035 Canaan Center Drive, Bonner Springs, KS 66012

INSPECTION
Began: 10/03/13 at 11:00 AM CDT
Ended: 10/03/13 at 1:00 PM CDT
Location: 13035 Canaan Center Drive, Bonner Springs, KS 66012


Turn-Key Restaurant on Major Highway Interchange

Seller’s Reserve Only $100,000!

(Last Listed at $395,000)

The new owners of this property may qualify for the “Retail Attraction & Retention Incentive Program” for the City of Bonner Springs. The ordinance can be found in the “Documents” section of this page (right side). Contact the city’s Economic Development Director at 913.667.1703 for more information. 

Site Area         0.91 acres ; 39,600 SF

Frontage         130’ on Canaan Center Dr.

Lot                  Corner; rectangular

Topography      Level

Zoning             C-2  City of Bonner Springs

Year Built         1999

Building Area    3,661 sf

Parking            Asphalt; 55 spaces

Signage            Lighted, pole mount

HVAC               Zoned, roof mounted

Roof                Flat, built up

Parcel ID          263200

 

Property Features:

  • Corner lot just off K-7
  • Paved 55 space parking lot
  • .91 acres
  • Zoned C2
  • Fully furnished dining room
  • Carpet, marble flooring
  • Fully equipped kitchen with Hobart ovens and commercial mixer, walk-in freezer dishwasher, etc.

Nearby Business:

  • Subway
  • KFC/ Taco Bell
  • Holiday Inn Express  
  • Super 8
  • USBank

AUCTION TERMS AND CONDITIONS

REGISTRATION: Registration will begin one hour before the auction. All bidders must provide name, address, phone number and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

DOWN PAYMENT: The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price at the auction site immediately following the close of bidding.

FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING: The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.

CLOSING: Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing.

EVIDENCE OF TITLE: Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES, ASSESSMENTS, & EASEMENTS: 2013 taxes are to be prorated as of the closing date. Sale of said property is subject to any and all easements of record.

AGENCY: Cates Auction & Realty Co., Inc. and its representatives are Agents of the Seller.

BUYER’S PREMIUM: A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).

BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.

DISCLAIMERS AND ABSENCE OF WARRANTIES
The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

Video: BANK OWNED COMMERCIAL PROPERTY AUCTION

I-70 to KS-7 Highway exit, continue across KS-7 on Canaan Center Drive to address on left.

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AuctionServices
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