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Auction Information
Auctioneer Cates Auction & Realty Co., Inc. (816) 781-1134
Auction Date May 09 Auction
Location
5905 Slater Street
Merriam, KS
Time 01:00PM
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Auction Listing
AuctionZip Auctioneer ID# 3633
Two Freestanding Buildings (5400 SF +/-) on .46 Acre Site Previously Used as Doctor's Office and Oriental Rug Showroom. Excellent Owner/User or Investment Opportunity for Professional Services, Showroom, Gallery, Studio or Redevelopment. Located in a Excellent Retail Corridor Anchored by IKEA, Hobby Lobby, Merriam Town Center, Quik Trip, McDonalds, a Variety of other National Restaurants and Businesses and Just North of the New Planned Merriam Community Center.

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CATALOG TEXT BELOW:
1 - 5905 Slater Street, Merriam, KS 66202 Two Freestanding Buildings (5400 SF +/-) on .46 Acre Site Previously Used as Doctor's Office and Oriental Rug Showroom. Excellent Owner/User or Investment Opportunity for Professional Services, Showroom, Gallery, Studio or Redevelopment. Located in a Excellent Retail Corridor Anchored by IKEA, Hobby Lobby, Merriam Town Center, Quik Trip, McDonalds, a Variety of other National Restaurants and Businesses and Just North of the New Planned Merriam Community Center. INVESTMENT HIGHLIGHTS • Two Freestanding Office/Retail Buildings Totaling 5400 SF +/- on .46 Acre Site • Great Location Adjacent to Walgreens in Prime IKEA Area Southeast of I-35 & Johnson Dr. • Major Retail Corridor Anchored by IKEA, Hobby Lobby, Merriam Town Center, McDonalds, etc. • Two Blocks North of the New Planned Merriam Community Center. • Former Doctor’s Office and Oriental Rug Gallery Occupied Space for Many Years. • Excellent Owner/User or Investment Opportunity with Existing Buildings or Redevelopment. • Perfect for Professional Services, Showroom, Gallery, Studio, etc. with Limited Parking Needs. • Sells to the Highest Online Bidder Regardless of Price! BUILDING TYPE Freestanding Office/Retail TOTAL BUILDING AREA 5371 SF +/- SITE AREA .46 Acres +/- (20,057 SF) ZONING PUD-G (Approved for Doctor’s Office/Antique Store) PARKING 7 asphalt surface spaces +/- PARCEL ID 046-051-12-0-40-01-006.00-0 2017 RE TAXES $14,538.71 BUILDING 1 Showroom/Former Rug Gallery TOTAL AREA 2993 SF +/- CONSTRUCTION Frame EXTERIOR Stucco/Stone/Steel ROOF Composition FOUNDATION Slab YEAR BUILT 1980, Add-ons 1993 & 2000 BUILDING 2 Converted Residence/Former Doctor’s Office TOAL AREA 2378 SF +/- CONSTRUCTION Frame EXTERIOR Steel Siding ROOF Composition FOUNDATION Stone YEAR BUILT 1925 INVESTMENT OVERVIEW This well maintained office/retail property is located adjacent to Walgreens in the prime IKEA development area just southeast of I-35 and Johnson Drive in Merriam, Johnson County, Kansas. The property features two free-standing buildings totaling 5400 SF +/- situated on a .46 acre site located in a major retail corridor anchored by IKEA, Hobby Lobby, Merriam Town Center, Quik Trip, McDonalds, etc. and two blocks north of the new planned Merriam Community Center . Formerly a doctor’s office and Oriental rug gallery, the property is zoned PUD-G and is well suited for professional services, showroom, gallery, studio, niche retail, etc. with limited parking needs. This is an excellent owner/user or investment opportunity with significant upside for the existing use or redevelopment. The property will be sold to the highest bidder regardless of price in a no reserve online auction. Online bidding ends Wednesday, May 9 at 1:00 p.m.




Auctioneer License Information: 2006-01

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