ONLINE ONLY AUCTION

226 W Central Ave, El Dorado, KS 67042

OPEN HOUSE:  APRIL 6th,1PM-3PM

Welcome to the Smith Building! Located in the heart of El Dorado’s historic downtown, directly across from the Butler County Courthouse, this legendary property offers an incredible investment opportunity. Originally constructed in 1920 as the St. Luke’s Hospital and since converted to downtown office space, this 3-story building offers 16,500 sf (5,500sf on each level), in addition to a 6,020sf unfinished basement. The building includes an elevator, interior and exterior fire escape, dry basement for storage and a 2015 roof. Currently there are 9 rent paying tenants. Great opportunity to invest in El Dorado’s stable market and be a part of downtown revitalization!

Legal Description: Lots 36 & 37 on Central Avenue in E.L. Lower’s Addition to the Town, now City of El Dorado, in Butler County, KS.

2024 Taxes: $8725.84

Directions: On Central Avenue across (North) from the Courthouse

Terms of Sale: Bidding will be by the total price. The successful bidder will be required to sign a purchase contract and deposit $5,000 as earnest money at the conclusion of the auction. Balance of purchase price will be due upon title approval and closing. Closing date will be on or before May 26, 2025. Title Insurance and Closing Fee will be divided evenly between Seller and Buyer. Property is not selling subject to financing or appraised value. Buyer should rely on their own information, judgment, and inspection of the property and public records. Property is selling subject to easements, rights-of-way, roadways, and restrictions of record, if any. Announcements day of auction shall take precedence over any printed material or prior information. Bidding will remain open on this property until 1 minute has passed without receiving a bid. Subject to Seller Confirmation. Possession: Upon closing; Subject to tenant leases.