UPDATED — A few years back when Don Coleman sold his Utility Maintenance Contractors to Wildcat Construction, he wound up buying a lot of property.
“I had to do something with the money when I got it, so I just bought commercial real estate.”
Now, he’s trying to sell a lot of it.
Why?
“I hate whining around on anybody’s sympathy, young lady, but I had a heart attack here about . . . four or five months ago,” says Coleman, 66.
He says he’s had some complications from it, which affects his ownership of the properties.
“It kind of takes the fun out of it for you, you know what I mean?”
Coleman has quite a few commercial and industrial properties for sale.
That includes three parcels on South Leonine; three parcels on Southwest Boulevard; an office building on West Harry; a former nightclub on West Kellogg in Goddard; six commercial lots just north of the West Kellogg property; vacant land behind Emprise Bank at 199th and Kellogg; eight acres near 167th Street West and Kellogg near where the Northwest Bypass is slated to go; and a 1-acre lot on Kellogg not far from 167th Street.
Coleman says he’s not in a hurry to sell or planning to sell cheap.
“It’s not a fire sale,” he says. “They are going to be offered at decent prices.
“I’m not in the mood to give stuff away. If I was going to do that, I’d just let my son have it.”
That’s his son Ron Coleman of Coleman Materials.
The senior Coleman adds, though, “If somebody is really interested, they can make a good buy.”
These are hardly all he properties Coleman owns, though.
“I’ve got a lot more property if you’re interested,” he says.
For instance, he has three housing additions, including Redmond Estates on South 119th Street.
He also has 14 lots on 28 acres on 47th Street South.
“I forgot about them when I was listing stuff,” Coleman says.
The list goes on, though you won’t find Coleman’s property listed anywhere online.
“Good luck,” he says. “I don’t do computers.”
He does do cell phones, though. So if you’re in the market for some new property, call him at 316-641-6774.
Or, you can attend a 4 p.m., Nov. 17 auction of the properties at the Hilton Wichita Airport, though Coleman says you could buy early through him.
“Absolutely,” he says. He adds that he’s not trying to cost a commission for anyone at J.P. Weigand & Sons, which is handling the auction, but, “When you own the property, you can kind of do what you want with it.”