Commercial Real Estate Former Subway Restaurant Online Auction
513 East Chestnut - Mt. Pulaski, IL
Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing.
LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!!
New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town
Online Real Estate Auction Former Subway
Choice brick/vinyl sided commercial building situated on a .41 acre parcel of ground right on State Route 121 that previously housed a Subway restaurant. Interior of structure features a large dining area, prep area, office, and two handicapped accessible bathrooms. All appliances/supplies in structure to remain upon settlement including tables/chairs, walk-in cooler, and freezer. Side parking lot (faces E. Chestnut Street), drive-thru, and a detached storage shed type structure can also be found here. Open a unique one a kind establishment (truly a chance to allow your dreams to come true!) and attract folks from in town Mt. Pulaski in addition to surrounding communities (Lincoln, Elkhart, Chestnut, Lake Fork, Cornland, Decatur, Warrensburg, Latham, Springfield, etc.). With prime exposure right on 121 with a high daily traffic count and within a short distance of Johnson True Value, The Davis Dairy Bar, and Dollar General, this efficient and low maintenance structure could also suit various other purposes in addition to a restaurant with a little tweaking/renovating -- office, retail, etc. Opportunity knocks within the quaint Logan County city of Mt. Pulaski!
513 E Chestnut St, Mount Pulaski, IL is a commercial property that contains 0 Sq. Ft. sq ft.
Parcel #
06-064-030-70
Lot Size
17,860 Sq. Ft.
Property Type
Commercial (General)
County
LOGAN
Living Area Sq. Ft.
0 Sq. Ft.
Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering.
Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services
Auctioneer: C.E. Redamn "The Selling Machine" 441.002198
Auctioneer: John Rawdin 441.001944
Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS??, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
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