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19 Maple St.
Chetopa, KS 67336
Andrew Jones with McCurdy Real Estate & Auction, LLC, original listing - (316) 683-0612
$0
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
6000 Square Feet
Property Description
Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, January 14th, 2025 at 2 PM (cst) | BIDDING CLOSING: Thursday, January 23rd, 2025 at 2:10 (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! Check out this business opportunity with this 6,000+/- SF multi-purpose building on 2.75+/- acres right on the Neosho river across from some of the best fishing (spoonbill and catfish) in the Midwest.  You won't believe the Spring season right across the street from your front doors of this multi-purpose building.  Currently this building is being used by River Market which primarily focuses on meat processing but the business opportunities are plentiful here as its formerly been a convenience store, restaurant and outdoor bait/tackle store.  With all the extensive hunting and fishing nearby this could make a nice lodge as its a free-span metal building which would lend itself to an easy re-configuration.  The gas pumps have been removed but the tanks are still in the ground and the monitoring case is closed by KDHE (see additional document download section for that letter from KDHE).  The current configuration of this metal building is about 60% setup for a convenience store/restaurant/office and two bathrooms all with central heating and air conditioning.  The balance of the building is indoor warehouse (approx. 2,800 square feet) open space with an overhead door for access on the north side of the building.  Seller has not had any leaking with the metal roof.  Given the lot size, semi access is able to be accomodated.  The built-in walk-in cooler remains but the large freestanding walk-in freezer is available by separate purchase.  Updated hot water tank in 2020.  Camera system remains.  Water filtration system remains.  Alarm system equipment remains and Buyer would need to resume monitoring expense should they desire.  Range hood remains.  Some abandoned personal property remains.   This offering is for the real estate only.  Excluded are (walk-in freezer, signs, animal mounts, store inventory, televisions, ice machines, tanks, all restaurant/food plant equipment, shelving, tables, outside concrete blocks and personal property are excluded.  Personal property items may be negotiated for following the purchase of the Real Estate.  Former restaurant equipment and supplies are still onsite in storage and available as part of the personal property purchase.  Also available by separate purchase is a custom built one year old USDA grade stainless smoker (Old Hickory brand) which is extremely rare and only available by custom order.   This offering is for the real estate only.  Excluded are (walk-in freezer, signs, animal mounts, store inventory, televisions, ice machines, tanks, all restaurant/food plant equipment, shelving, tables, outside concrete blocks and personal property are excluded.  Personal property items may be negotiated for following the purchase of the Real Estate.  Former restaurant equipment and supplies are still onsite in storage and available as part of the personal property purchase.  Also available by separate purchase is a custom built one year old USDA grade stainless smoker (Old Hickory brand) which is extremel *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 $15,000.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Commercial Sale-Other
Year Built
1967
MLS Number
--
Location
Address
19 Maple St.
City
Chetopa
State
KS
Zip Code
67336
County
LABETTE
Listing
Name
Phone
(316) 683-0612
Office Name
Office Phone
(316) 683-0612
Agent Name
Andrew Jones
Agency Phone
(316) 683-0612

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.