345 W 29th N. Wichita, KS 67204

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, March 12th, 2024 at 2 PM (cst) | BIDDING CLOSING: Thursday, March 21st, 2024 at 3 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! RARE AND AMAZING business opportunity!!! This large capacity, turn-key, profitable, 24-hour laundromat, open 7 days a week measures 12,163 square feet in size and is situated in the high-traffic area of W. 29th St. N. just west of Broadway. Close to I-135, I-235, many apartment complexes, residential areas, and densely populated neighborhoods, this property features a sizable and accommodating parking lot, and two additional lots, creating room for growth and expansion.  12,163 Square Feet Zoned General Commercial Nearly 10,000+/- Vehicle Daily Traffic Count Brand New $130,000+/- Composition Roof New Gutters and Downspouts 44+/- Parking Spaces 56 Huebsch Top Load Washers 52 Huebsch Gas Dryers 25 Front Load Washers: (6) - 80# Capacity (10) - 60# Capacity (9) - 30# Capacity Business Assets, Including Operating Cycle and Phone Number  Complete Vendor List upon Closing of Real Estate Transaction Remote Video Monitoring HVAC Units Located Indoors Additional Space for Additional Income Tenant (Former Barber Shop) or Storage Additional Lots for Growth and Expansion This is an incredible opportunity that doesn't come around often! Do not miss this one!  This property is located in flood plain. Please see Flood Map in the Property Information Packet.  Financials available upon request and execution of confidentiality agreement. Please select "Download Documents" under Supporting Documents. Seller pulling coins on closing day and Buyer can buy coins back from Seller. The Real Estate is currently subject to an SBA 504 loan and an additional mortgage. Seller is willing to cooperate to allow the buyer to assume the SBA portion of the loan provided the same can be completed within 60 days from the date of the execution of the contract and provided that the Seller incurs no additional expenses in cooperating. Per the Seller, the current balance as of March 12, 2024 of the SBA 504 loan is $594,807.99. The maturity date of the SBA loan is October 1, 2044. The SBA loan is subject to a 1% assumption fee of the outstanding balance plus title work and recording fees. The Effective Interest Rate is 3.54%. Interested parties are encouraged to contact Teresa Wallweber with Fidelity Bank to discuss qualification and logistics. Seller does not guarantee or represent that the successful buyer will qualify for the assumption of this loan.  The purchase of the Real Estate is not contingent on buyer being able to assume this loan nor any other financing requirements. The terms and conditions providing that “the Real Estate is not offered contingent upon financing” continues to apply and upon winning the Buyer will have the selection of their non-refundable earnest money amount of $100,000 for a 30-day closing or $150,000 for a 60-day closing.  *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller's agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $100,000 for a 30-day closing or $150,000 for a 60-day closing.