1109 E Douglas

Description

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, July 1st, 2025 at 2 PM (cst) | BIDDING CLOSING: Wednesday, July 9th, 2025 at 2:30 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. WOW!!! This is your amazing opportunity to own 21,565 square feet of historic commercial property directly on Douglas, in the heart of the Douglas Design District!With gorgeous, ornate original features and modern updates, these three highly recognizable,adjacent buildings offer an incredible opportunity you don't want to miss!!! Property Features: 21,565 sq. ft. 0.55 Acres Three Buildings Two Parking Lots Corner Lot Central Business/Old Town Overlay Zoning Districts Unfinished 2nd & 3rd Floors, Ideal for Multi-Family Residences Hardwood Floors Some Updated Windows Daily Traffic Count 15,000 1109 E. Douglas Ave.: 5438 sq.ft. 130 sq. ft. Outdoor Seating Area 42 ft. Bar Exposed Brick 12' Tin Ceilings Two Restrooms Industrial Kitchen w/Range Hoods Prep Kitchen Ware Washing Area 400 sq. ft. Beer Cooler 1 Walk-in Cooler 1 Walk-in Freezer Dry Goods Storage Upstairs: 2 Floors, Open Plan - 4868 sq. ft. Each Hardwood Floors Updated Windows Exposed Brick 11-12 ft. Ceilings 1113 E. Douglas Ave.: 2438 sq. ft. Retail Area Prep Kitchen 1 Walk-in Cooler 1 Walk-in Freezer Upstairs:1000 sq. ft. Updated Windows Exposed Brick Hardwood Floors 1115 E. Douglas Ave.: 1703 sq. ft. Retail Area Wood Laminate Flooring Exposed Brick Two Office/Storage Areas One Restroom Upstairs: 1250 sq. ft. Updated Windows Exposed Brick Hardwood Floors PRESS RELEASE: "McCurdy Real Estate & Auction announces a unique investment opportunity with the upcoming online auction of The Anchor, a cherished Wichita restaurant and bar that has served the community since 2004. The structured auction, part of a workout agreement, including with the Kansas Department of Revenue, will offer both seasoned restaurateurs and savvy investors the chance to acquire significant real estate assets in a prime downtown location, with the option of retaining the legacy through a turnkey operation..." Elevator shut down by the City. 2nd Floor electric panel controls some of the major equipment on 1st floor. - Lightning strike in lobby of main restaurant approximately ten years ago - repairs made - NO FIRE - just a hole in the ceiling - no issues since. - Approximate 2.4 inch encroachment of neighbor on east boundary line. See survey provided in Supporting Documents below. - Main water line leaked in the Hell Bomb space, seems to be minimal, if any damage. Water line connection is exposed and may have a slight ongoing leak. - Seller estimates (3) gas meters, (4) electric meters, (4) water meters. - ALL trade fixtures and business assets including The Anchor sign & Douglas Chop Shop sign being offered as LOT 2, closing 15 minutes following the conclusion of the Real Estate offering. A detailed and general inventory of these excluded assets available in theSupporting Docs). - No central heat on 2nd & 3rd floors. - Walk-in refrigerators & freezers, along with 5 range hoods transfer w/RE The full Press Release can be foundunder the Supporting Documents section. *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 $75,000 for a 45 day close.