ALL FIELDS CUSTOMIZABLE GENERAL DIRECTIONS FEATURES FINANCIAL. MLS # Commercial/Ind/Bus. R10 - Hutchinson. Address 2.

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3 ALL FIELDS CUSTOMIZABLE MLS # Class Commercial/Ind/Bus Property Type Business Opportunity County Reno Area R10 - Hutchinson Address 527 FONTRON ST Address 2 City Hutchinson State KS Zip Status Active Asking Price $0 For Sale/Auction/For Rent Auction GENERAL Sale/Lease Building Size SqFt 5,001-10,000 Number of Acres 0.33 Zoning See Remarks # of Stories One Apx Gross Building SqFt 6, Apx Net Rentable SqFt Apx Min Available SqFt 6, Apx Max Contiguous SqFt 6, Apx Vacant SqFt 6, Land SqFt 14, Present Use of Bldg Warehouse Bldg on Leased Land Year Built 1950 Subdivision MONTROSE PARK ADDITION Legal MONTROSE, S08, T23, R05W, PT LOT 28 BEG NE COR LOT 28 S 25 FT NWLY TO NW COR LOT 28 E TO POB AND LOT Sub-Agent Comm 0 Buyer-Broker Comm 3 Transact Broker Comm 3 Variable Comm Non-Variable DIRECTIONS (Hutchinson) HWY 61/Ken Kennedy Fwy & E 4th Ave. - East to Fontron St, North to property. FEATURES LOADING DOCK None RAIL None OVERHEAD DOORS 2 PARKING Parking Area ROAD FRONTAGE City Secondary LOCATION Corner Lot CONSTRUCTION Metal Fabricate Pre-Fabricated Other/See Remarks SIDEWALL HEIGHT 14 Ft to 16 Ft ROOF Other/See Remarks UTILITIES AVAILABLE Gas Electric City Water City Sewer FLOORS Carpet HEATING Gas COOLING Central Air TENANT PAID EXPENSES Electricity Gas OWNER PAID EXPENSES Electricity Gas Mechanical Repairs Property Insurance Real Estate Taxes Water ELECTRICAL 220 Volt MISCELLANEOUS FEATURES Fire Alarm Smoke Heat Detector PROPOSED FINANCING Sell in Entirety TERMS OF LEASE Existing Leases DOCUMENTS ON FILE Aerial Photos Leases Photographs Sellers Prop. Disclosure OWNERSHIP Individual SHOWING INSTRUCTIONS Call Showing # LOCKBOX None TYPE OF LISTING Excl Right w/o Reserve AGENT TYPE Sellers Agent FLOOD INSURANCE Unknown POSSSESSION At Closing FINANCIAL General Property Taxes $2, General Tax Year 2016

4 FINANCIAL Special Taxes Special Tax Year 2016 Special Balance Gross Income Earnest $ Deposited With McCurdy Auction LLC Trust PUBLIC REMARKS ONSITE REAL ESTATE AUCTION ON TUESDAY, MARCH 14TH AT 12:00 P.M. NO MINIMUM, NO RESERVE!!! Offering a commercial property with offices and warehousing, comprised of three buildings with a total of appx. 6,360 Sq. Ft. of finished space. The lot is on.33 +/- Acre and is nearby 4th St. with easy access to the highway. Building 1 is 80'x40' (3,200 +/- Sq. Ft.)- This building features offices, overhead drive doors, and a former paint booth with lots of storage. Building 2 is 70'x20' (1,400+/- Sq. Ft.)- This building is a Quonset Hut style and has previously been used for storage and a warehouse. Buildings 1 and 2 are connected. Building 3 is 40'x44' (1,760+/- Sq. Ft.)- This building is currently rented by a tenant for $225 per month with previous lease agreement included in the Property Information Packet. The building includes offices, a tool crib area and general shop/warehouse. The offices are air conditioned. *Sq. Ft. listed is approximate and measured per Seller. County records do not reflect total Sq. Ft. *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. It is incumbent upon buyer to exercise buyer s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller s agents was obtained from a variety of sources and neither seller nor seller s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer s premium ($1, minimum) added to the final bid. 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 $3,500. AUCTION Type of Auction Sale Absolute Method of Auction Live Only Auction Location Onsite Auction Offering Real Estate Only Auction Date 3/14/2017 Auction Start Time 12:00 P.M. Broker Registration Req Yes Broker Reg Deadline 5 P.M. PRIOR BUSINESS DAY Buyer Premium Y/N Yes Premium Amount 0.10 Earnest Money Y/N Yes Earnest Amount %/$ 3, TERMS OF SALE 1 - Open for Preview Yes 1 - Open/Preview Date 3/14/ Open Start Time 11:00 A.M. 1 - Open End Time 12:00 P.M. PERSONAL PROPERTY ADDITIONAL PICTURES

5 DISCLAIMER This information is not verified for authenticity or accuracy and is not guaranteed. You should independently verify the information before making a decision to purchase. Copyright 2016 South Central Kansas MLS, Inc. All rights reserved.

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9 ~ Staring the things STORE -IN A WINK WINK that make you smile! RE: Climate Controlled Storage Facility-Proposal for 527 N Fontron, Hutchinson, KS Before deciding to sell these buildings, and invest closer to my home and existing storage facility, I did research on converting these three buildings into climate controlled self-storage. I think the potential for the climate controlled self-storage conversion of these three buildings is worth serious consideration and I would gladly provide my research findings, if this is of interest. It is not a guarantee, but a projection worth looking into. 1. Pro Forma-Building 1 income potential-estimated at *$28,000-30,000 I year *based upon the floor plan and size of units you select. I did not perform a build-out and pro forma on buildings 2 & 3 as I intended to develop them at a later time once occupancy of building 1 neared 70%. Expenses should be minimal, I would suggest that you budget for (1) electricity, (2) insurance, (3) property taxes, and (4) possibly internet service. A pro forma is available upon request comparing different floor plans. 2. Property Tax Rebate Plan-1 am attaching information about the property tax rebate plan for this area. 3. Operation-self-service (24 hour, if you so choose) Customers can rent a unit using their own mobile phone or you can install a self-service Kiosk. I looked into both, I would probably just set up so the customer can rent new units using their own phone... call me if you have questions. The entry door will only open once their personal access code is approved along with their payment. 4. Hutchinson requirements a. Conditional Use Permit-application attached (zoning is already correct for the storage units, Hutchinson simply wants you to complete the form and follow their procedures) (Contact: Stephanie Stewart, Planning Department, ) 5. Interior Build-Out Bidders-I took bids from three companies, each experienced in this task a. S&J Construction-John Grisham b. Richardson Brothers-Jon Richardson c. Vogt's Construction-Bill/ Shannon d. NOTE- the bids I got included some extras which are not necessary-- putting an entire new face on Buildings 1&2, building a customer walk-in lobby, self-service Kiosk, etc. The three bidders were fairly competitive and I' m sure they would gladly refine their bids based upon your own specifications. N E-my plan was to build out storage in Building 1, fill it, then develop buildings 2 & 3 Storage Address: 4825 N Hydraulic Park City, KS S7219,, 31S-2SO-WINK (94S5) StorelnA Wink@gmail.com Mailing Address: POB 357 Valley Center, KS S7147

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12 CITY OF HUTCHINSON CITY OF HUTCHINSON Planning and Development Department 125 E. Avenue B, Hutchinson, KS (620) Fax: (620) NEIGHBORHOOD REVITALIZATION PLAN (NRP) TAX REBATE APPLICATION FORM PART ONE FOR OFFICE USE ONLY Date Part One Received by City: Case# Date Part One Transmitted to County Appraiser: The City of Hutchinson has adopted a Neighborhood Revitalization Plan, which allows for property tax rebates on improvement projects located south of 11th Avenue in the City's Revitalization Area. Program requirements are summarized on page 2 of this application. For complete requirements, visit the City's To qualify for the NRP tax rebate, this form must be submitted to the Hutchinson Planning and Development Department at the time of building permit application filing. PROPERTY INFORMATION Property Address: ParceiiD No.: Legal Description of Property (Attach additional pages, if needed): OWNER INFORMATION Owner Name: Owner Mailing Address: Phone: BUILDING INFORMATION Building Permit No.: Date Building Permit Application Filed: Date Building Permit Issued: Existing Use of Property: Proposed Use of Property: AgeofPrindpaiBuilding~): ~ Buildings to be Demolished or Actually Demolished: D No. DYes. If Yes, please explain: Description of Proposed Improvements: Estimated Cost of Improvements: $ Occupancy Status (Past 5 Years):-~ Desired Construction Start Date: Estimated Completion Date: Revised 1/05/2017 Page 1 of 2

13 NEIGHBORHOOD REVITALIZATION PLAN TAX REBATE APPLICATION FORM- PART ONE Planning and Development Department 125 E. Avenue 8, Hutchinson, KS (620) Fax: (620) The following must be submitted with this application: 0 Reno County Appraiser's Verification of Project Inspection. My signature below indicates that I understand and agree to the following: 1. No work on the improvement project shall commence until arrangements for a pre-project assessment have been made with the County Appraiser, (for residential projects) or (for commercial projects). 2. The property associated with a requested rebate shall conform with all applicable city codes and regulations in effect at the time the improvements are made and shall remain in conformance for the duration of the rebate period, or the rebate shall be terminated. 3. Tax rebate eligibility pertains to residential permits valued at $7,000+ and commercial permits valued at $20, Only those projects that result in a 5% increase in assessed valuation (residential) or a 15% increase in assessed valuation (commercial) are eligible for tax rebates. 5. The tax rebate shall apply only to the increased portion of taxes (incremental value). Base taxes shall not be eligible to be rebated. 6. Additional taxes resulting from increases in assessed valuation in future years beyond the incremental value taxes shall not be eligible to be rebated. 7. The maximum rebate period is 10 years. 8. All tax rebates shall be distributed to the property owner of record at the address listed on file with the Reno County Appraiser. 9. Properties with delinquent taxes, on tax payment plans, or utilizing special assessments/bid assessments shall not be eligible for rebates. Future rebates shall be terminated. 10. Submission of Part One of this application and issuance of a Building Permit by the City of Hutchinson Inspection Department constitutes authority to begin the project. PART TWO of this application form MUST BE FILED with the City of Hutchinson Planning and Development Department immediately upon completion of the project, WITHIN ONE YEAR of submittal. Projects certified as complete prior to December 31 of any year shall be considered for a tax rebate in the following tax year. PROPERTY OWNER'S SIGNATURE : DATE: Revised 01/05/2017 Page 2 of 2

14 CITY OF HUTCHINSON NEIGHBORHOOD REVITALIZATION PLAN (NRP) TAX REBATE APPLICATION FORM PART TWO CITY OF HUTCHINSON Planning and Development Department 125 E. Avenue B, Hutchinson, KS (620) Fax: (620) ithis form must be submitted to the Hutchinson Planning and Development Department immediately following final inspection of your project. FOR OFFICE USE ONLY Date Part Two Received by City: Case# Date Part Two Transmitted to County Appraiser: PROPERTY INFORMATION Property Address: OWNER INFORMATION Owner Name: Owner Mailing Address: Phone: BUILDING INFORMATION Building Permit No.: Date Building Permit Application Was Submitted to the City: Date Building Permit Was Issued by the City: Date of Final Inspection by City: My signature below indicates that I understand and agree to the following: 1. The property associated with a requested rebate shall conform with all applicable city codes and regulations in effect at the time the improvements are made and shall remain in conformance for the duration of the rebate period, or the rebate shall be terminated. 2. Tax rebate eligibility pertains to residential permits valued at $7,000+ and commercial/industrial permits valued at $20, Only those projects that result in a 5% increase in assessed valuation (residential) or a 15% increase in assessed valuation (commercial/industrial) are eligible for tax rebates. 4. The tax rebate shall apply only to the increased portion of taxes (incremental value). Base taxes shall not be eligible to be rebated. 5. Additional taxes resulting from increases in assessed valuation in future years beyond the incremental value taxes shall not be eligible to be rebated. 6. The maximum rebate period is 10 years. 7. All tax rebates shall be distributed to the property owner of record at the address listed on file with the Reno County Appraiser. 8. Properties with delinquent taxes, on tax payment plans, or utilizing special assessments/bid assessments shall not be eligible for rebates. Future rebates shall be terminated. Signature: Date: Revised 11/25/2016 Page 1 of 1

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16 - _.... he historical and mature neighborhoods in IJtchinson are rich in history and add value to ur community. The City of Hutchinson would ke to partner with you to make improving your roperty easier and more affordable. hen you build a new structure or make major mprovements to yoijr existing structure, the alue of the property may increase which ay cause your property tax to increase. The eighborhood Revitalization Plan Tax Rebate NRP) provides an incentive to help offset these ncreased taxes. To qualify, improvements must ause an increase in value of at least 5% for esidential properties, and 15% for commercial/ ndustrial properties. I I If! t'rocess Step 1 Apply for a building permit from the City Building Inspection Department and submit part 1 of the NRP application to City Planning & Development Department. Step2 Schedule a pre-project inspection with the Reno County Appraiser's Office to determine your property's base value and project eligibility. Step3 Build your project. Step4 Upon project completion, submit Part 2 of the NRP application to the City Planning & Development Department as soon as possible. Step 5 The County Appraiser will be notified to re-appraise your property after submission of Part 2. Step6 Residential properties that increase in value by 5%, and commercial/industrial properties that increase in value by 15% qualify for a tax rebate (according to schedule on this flyer) on the increase in taxes. Attention I Failure to pay property taxes or late submittal of applications will result In loss of program eligibility. Contact us City of Hutchinson Department of Planning and Development 125 East Avenue B Hutchinson, KS Q Reno County Appraiser 125 West 1st Avenue Hutchinson, KS (Residential) (Commercial or Industrial) Visit our website to learn more: Neighborhood Revitalization Plan Tax Rebate Are taxes keeping you from improving your property? We may be able to help!

17 ( Program and Eligibility Requirements Properties must be a residential, commercial or industrial use. Assesed value of property must increase by 5% (residential), or 15% (commercial and industrial) as a result of the project. Properties must be located in the NRP area (as illustrated on the map to the left), which is south of 11th Avenue and within Hutchinson City limits. Qualifying Area New construction or improvements over $7,000 on residential properties, and $20,000 on commercial and industrial properties located south of 11th Avenue and within Hutchinson City limits may qualify for a tax rebate over a ten-year period. 11th Avenue Both new construction and improvements to existing structures may q~ t il~~mft Q value at le~st $7,000 for residential structures and $20,000 for commercial or industrial structures. The project must conform with relevant zoning regulations and meet all city codes. Swimming pools, gazebos, public utilities, railroads and residential roofing permits are ineligible for the program. Garages are eligible only if included with the principal structure on the building permit. Paving of commercial and industrial parking lots is eligible. Rebates are on the increase in taxes only. The base tax amount is not rebated. ~ I Residential Commercial and Industrial I 95% I 85% I 75% I 65% I 55% I SO% I SO% I SO% I SO% I SO% CITY OF HUTCHINSON Downtown Revitalization Area I I I I Between Adams and Poplar, South of 11th 95% 95% 95% 95% I 95% I 50% I SO% I SO% I 50% I SO% Designated Historical Properties 1~1~1~1~1~1~1~1~1~1~

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23 527 N. Fontron St. Hutchinson, KS Zoning CF Special Commercial District

24 527 N Fontron St. Hutchinson, KS - Aerial

25 Guide to auction costs what to expect THE SELLER CAN EXPECT TO PAY Half of the Owner s Title Insurance Half of the Title Company s Closing Fee Real Estate Commission (If Applicable) Advertising Costs Payoff of All Loans, Including Accrued Interest, Statement Fees, Reconveyance Fees and Any Prepayment Penalties Any Judgments, Tax Liens, etc. Against the Seller Recording Charges Required to Convey Clear Title Any Unpaid Taxes and Tax Proration for the Current Year Any Unpaid Homeowner s Association Dues Rent Deposits and Prorated Rents (If Applicable) THE BUYER CAN GENERALLY EXPECT TO PAY Half of the Owner s Title Insurance Half of the Title Company s Closing Fee 10% Buyer s Premium (If Applicable) Document Preparation (If Applicable) Notary Fees (If Applicable) Recording Charges for All Documents in Buyer s Name Homeowner s Association Transfer / Setup Fee (If Applicable) All New Loan Charges (If Obtaining Financing) Lender s Title Policy Premiums (If Obtaining Financing) Homeowner s Insurance Premium for First Year All Prepaid Deposits for Taxes, Insurance, PMI, etc. (If Applicable) E. 13th St. N., Wichita, Kansas