1606 N State St
Iola, KS 66749

ABSOLUTE ONLINE BIDDING AUCTION! No Minimum/No Reserve. Great Value Add Opportunity! Bidding is open and concludes Friday, April 5th at 11:30am. 1606 N State St., in Iola, KS features 7020 +/- SF of retail space. Situated on State Street, the property enjoys high visibility and easy access to local amenities, making it an attractive option for both owner occupants and investors. With its ample parking, open floor plan and prime location, 1606 N State St presents a desirable opportunity with potential for future appreciation. Please note, property was part of a larger parcel and property taxes are TBD. Buyers are advised to thoroughly review the terms and details provided on the online bidding site, as any terms, comments, or announcements made there supersede any other advertised material. The property is being sold in its current "Where Is, As Is" condition, without any warranties. Closing will occur on or before 45 days from the full execution of the auction purchase agreement. The successful bidder must immediately execute the provided auction purchase agreement and is required to deposit 10% of the purchase price or $5,000.00, whichever is greater, as earnest money within the specified time outlined in the agreement. Additionally, a 10% buyer s premium or $5,000.00 buyers fee, whichever is greater, will be added to the final bid price. This auction is conducted exclusively online, with a 2-minute bidding time extension. The auctioneer reserves the right to recess, adjust and/or extend the bidding time as they deem necessary. Furthermore, the auctioneer may, at their sole discretion, reject, disqualify, or refuse any bid. The broker will offer 3% of the Broker s 10% at closing to a participating broker, provided their client is the successful bidder. While all information is deemed reliable, buyers are encouraged to conduct their own due diligence. The sale is not contingent on financing, appraisal, or inspection, and the winning bidder must be available immediately post-auction. The property is sold subject to applicable Federal, State, and/or Local Government regulations, with all measurements and details approximate and non-binding. The auctioneer provides no warranties regarding the online bidding platform's performance and assumes no liability for any bidder-incurred damages during its use, including unacknowledged bids or errors. Bidders accept all risks associated with the platform and acknowledge that the auctioneer bears no responsibility for bid submission or acceptance errors or omissions.