120 W Commercial 003b

Due to the Coronavirus changing how we congregate-Mr. Clark has chosen a combination of On-Line/Live Auction Bidding to sell his property to the highest bidder


ONLINE BIDDING OPENS Friday May 1 8:00 a.m
.
ONLINE BIDDING CLOSES Thursday May 7 8:00 p.m

.
@ https://hollingerauction.hibid.com/auctions/current

The auction has been uploaded to Hi Bid with information and pictures

The three highest bidders will be brought together at 120 W Commercial with Auctioneer on Saturday May 9th at 11:00 a.m. to bid live against each other for final bid.  High bidder will sign contract & pay deposit upon Seller accepting bid.

 

This property offers so much potential.
Retail store-one of the best location sites in Lyons as well as lots of room to show off merchandise
6,000 sq ft on main floor, 4,000 sq ft basement and 4,000 bonus space located upstairs (Apartments)
Like new brick veneer front
Complete with bathrooms and mezzanine office space

                        Lots of extras-call for appointment

Located south of the courthouse-on the square.  External entrance into basement. 
Apartment located above store-Needs work. Currently only access is from roof.
Concrete loading dock on back of building

Merchandise, showcases & shelving included.  Disclaimer-Merchandise, showcases & shelving that goes with building not necessarily what is pictured

 

120 W Commercial 070
120 W Commercial 002side

REAL ESTATE: Retail downtown row store with 6,000 sq. ft. on main floor, 4,000 sq. ft. basement and 4,000 sq. ft. bonus space upstairs (apartments).  Building was built in 1920.  Currently retail store in one of the best location sites in Lyons as well as lots of room to show off merchandise.  Like new brick veneer front.  External entrance into basement on west side.
Property sells as is, where is with inspections responsibility of Buyer.  All inspections must be made before sale day.   This sale is NOT contingent upon Buyer obtaining financing and earnest money deposit is non-refundable. 
                                                     Call Jim to view (620)257-8148
LEGAL: LYONS ORIGINAL, Lots 11, 12, E 38’ ADJ VAC W AVE BLK 5 Commonly known and numbered as 120 W Commercial-Lyons, KS
TERMS:  $1,000.00 down day of sale with balance due at closing in certified funds with delivery of marketable title, on or before June 9, 2020, unless additional time is needed to perfect title.  Security 1st Title Co., Lyons, KS. will be the escrow and closing agent.   Title insurance and closing fees will be split 50/50 between Buyer and Seller.
TAXES:  Present Taxes $1,635.66.  Seller pays 2019 and all prior taxes.  2020 taxes will be prorated to date of closing. 
POSSESSION Buyer will be given possession after this transaction has completely closed and Buyer has received legal title. No early possession given.                                            

                                                All agents of Farms America are agents for the Seller

To bid on-line, bidder will be required to register with a credit card.  The credit card WILL NOT be charged, but winning bidder will be required to sign purchase contract and give auctioneer $1,000.00 earnest deposit upon Seller accepting winning bid.  

Property is eligible for Lyons City NRA (Neighborhood Revitalization Area) tax rebate program for improvements made to building.
City also offers 50/50 matching Fašade grant for improvements to front of building up to $5,000, as available. 
Call Lyons city office for details and application
 

Like us on FACEBOOK       www.facebook.com/hollingerauction