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Commercial Building on State Route
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513 E CHESTNUT Street, Mt Pulaski, IL 62548

Commercial building with dining area, drive-thru, and parking lot.

Property Size1,380 SF
Lot Size0.41 Acres
Price / SF$122.46
Days on Market1168

Property Features for 513 E CHESTNUT Street

General Information

Standard status Active
Size 1,380 SF
Lot size 0.41 Acres
Property subtype Office, Retail
Zoning Commercial
Listing Agency: ME Realty
Listed By: Seth Goodman · License #475126097
Source: Crexi
Added: Jun 11, 2023 Changed: Aug 11 Last Checked: Aug 19 at 12:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ME Realty

Investment Insights

Based on property information with market context.

This brick and vinyl-sided commercial building is situated on a 0.41-acre parcel on State Route 121. Previously a Subway restaurant, the 1,380 square-foot structure features a large dining area, prep area, office, and two handicapped-accessible bathrooms. All appliances and supplies, including tables, chairs, a walk-in cooler, and a freezer, will remain. The property includes a side parking lot facing E. Chestnut Street, a drive-thru, and a detached storage shed. Located in Mt. Pulaski, the property offers prime exposure on Route 121 with a high daily traffic count. It is near Johnson True Value, The Davis Dairy Bar, and Dollar General. The structure could suit various purposes in addition to a restaurant, such as office or retail space. The location attracts customers from Mt. Pulaski and surrounding communities, including Lincoln, Elkhart, Chestnut, Lake Fork, Cornland, Decatur, Warrensburg, Latham, and Springfield.

Key Highlights

  • Prime location on State Route 121 with high daily traffic count.
  • Includes existing restaurant equipment such as tables, chairs, walk‑in cooler, and freezer.
  • Drive‑thru and side parking lot included.**

Property Analytics

Current Use

Subway Take-out & Catering

Suggested Use

Top Pick Auto Repair Shop Pharmacy Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

125
Businesses Nearby
Balanced
Demand for This Use

Demographics for 62548, IL

2,145
Population
945
Households
2.3
Avg Household Size
45
Median Age
20%
College-Educated
96%
High-School Grad
85.0 sq mi
ZIP Area
25
Density / Sq Mi
$71,371
Median Household Income
$50,963
Median Earnings
$771
Median Rent
$121,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercial building with dining area, drive-thru, and parking lot.
Where is this conventional restaurant located?
The property is located at 513 E CHESTNUT Street Mt Pulaski, IL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Prime location on State Route 121 with high daily traffic count.; Includes existing restaurant equipment such as tables, chairs, walk‑in cooler, and freezer.; Drive‑thru and side parking lot included.**
(217) 737-3742 Call to check price and availability
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