$126,500
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0.32 Acres Lot
SOLD DATE : 08/27/2026
Key Details
Sold Price $126,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Listed On Tax Record
MLS Listing ID SCK676003
Sold Date 08/27/26
Year Built 1970
Annual Tax Amount $2,727
Tax Year 2025
Lot Size 0.320 Acres
Acres 0.32
Source sckansas
Land Area 1500
Property Description
Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, August 4th, 2026 at 2:00 PM (ct) | BIDDING CLOSING: Wednesday, August 12th, 2026 at 2:15 PM (ct). Bidding will remain open on this property until 90 seconds have passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! This commercial property features a 1,500± sq. ft. restaurant building situated on a 0.32± acre lot in a prime location at Harry & Oliver in Wichita. With outstanding visibility, strong traffic counts, and neighboring established businesses, this property presents an excellent income-producing investment opportunity with a long-term tenant already in place. 1,500± sq. ft. restaurant building 0.32± acre lot Built in 1970 Zoned LI – Limited Commercial Prime location at Harry & Oliver Paved parking lot with up to 10 parking spaces Approximate daily traffic count of 22,540 Building features include: Former restaurant space 2 restrooms Flexible layout suitable for a variety of commercial uses Investment highlights: Income-producing investment opportunity Currently rented for $2,312/month (Current rate $1,800 + NN $512) Long-term tenant in place since 2019 Lease extends through January 31, 2029 Tenant pays taxes, insurance, and utilities Location highlights: Neighboring businesses include Denny's Restaurant, Ascension Via Christi St. Joseph, WSU Tech South, and many other established commercial and medical facilities Excellent visibility and accessibility in a high-traffic commercial corridor This is a rare opportunity to acquire a well-located, income-producing commercial property in one of Wichita's established business districts. With a proven long-term tenant, stable lease income, and a highly desirable location, this property offers an exceptional investment opportunity. Do not miss this opportunity! *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 ($2,500.00 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 of $20,000 for a 30-day closing, $30,000 for a 45-day closing Per the tenant, the tables, chairs, appliances, and security system are tenant-owned and will not transfer with the property
Location
State KS
County Sedgwick
Area 1500
Zoning Limited Comm
Direction Harry & Oliver - West on Harry, North on Bluffview to Property
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric, Window Unit(s)
Flooring Tile
Fireplace No
Heat Source Forced Air, Natural Gas
Exterior
Garage Description Parking Lot, Paved
Utilities Available Electricity Available
View Y/N Yes
Roof Type Flat
Present Use Restaurant
Street Surface City Secondary
Building
Story 1
Structure Type Stucco
Others
Acceptable Financing Three Years or Less
Listing Terms Three Years or Less
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