Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    513 Chestnut St Mount Pulaski, IL 62548

    Sponsored
    For Sale
    $169,000

    Restaurant/Retail Opportunity in IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 513 E Chestnut Street in Mt. Pulaski, Illinois, presents a unique investment opportunity. Priced at $169,000, this .41-acre lot features a brick and vinyl-sided building previously occupied by a Subway restaurant. The structure boasts a spacious dining area, a well-equipped prep area, a dedicated office, and two ADA-compliant restrooms. All existing appliances, including tables, chairs, a walk-in cooler, and freezer, will remain with the property. Convenient features include a side parking lot facing E. Chestnut Street, a drive-thru, and a detached storage shed. The property enjoys high visibility on State Route 121, benefiting from significant daily traffic volume and proximity to established businesses like Johnson True Value, The Davis Dairy Bar, and Dollar General. Its adaptable layout makes it suitable for various uses, including restaurants, retail, or office spaces, with minimal renovation required. This property offers a compelling chance to establish a thriving business in the charming town of Mt. Pulaski and surrounding communities, including Lincoln, Elkhart, Chestnut, Lake Fork, Cornland, Decatur, Warrensburg, Latham, and Springfield. The property's location and existing infrastructure provide a solid foundation for immediate occupancy and operational success. The zip code is 62548.

    Property Features for 513 Chestnut St

    General Information

    Property type
    Restaurants

    HighLights

    • $169,000 asking price for a .41‑acre lot in Mt. Pulaski, IL.
    • Brick and vinyl‑sided building, previously a Subway, with dining area, prep area, office, and two ADA‑compliant restrooms.
    • Includes all existing appliances (tables, chairs, walk‑in cooler, freezer).
    • Features a side parking lot, drive‑thru, and detached storage shed.
    • High‑visibility location on State Route 121, near other businesses.
    • Adaptable layout suitable for various uses (restaurant, retail, office).
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pulaski
    County
    Logan
    State
    Illinois
    Longitude
    -89.2789931
    Latitude
    40.0155436

    Nearby Comparable

    • $6,750,000
      31,250 SF

      West Loop / Fulton Market Office Building Overlooking Mary Bartelme Park

      West Loop / Fulton Market Office Building Overlooking Mary Bartelme Park
      112 S Sangamon St, Chicago, IL 60607
      View Details
    • $29,700,000
      109,350 SF

      Dynamic Bronzeville scattered tri-plex portfolio For Sale

      Dynamic Bronzeville scattered tri-plex portfolio For Sale
      101615 Dynamic Tri-plex BFR, Chicago, IL 60653
      View Details
    • $350,000
      2,220 SF

      Lincoln, IL Bar & Restaurant for Sale

      Thriving Bar, Prime Location, Turn-Key Operation
      401 Limit St, Lincoln, IL 62656
      View Details
    • New
      $250,000

      Turn-Key Bar in Lincoln, IL

      Thriving bar with party room and outdoor area for sale.
      401 Limit St, Lincoln, IL 62656
      View Details
    • $350,000
      2,220 SF

      Thriving Lincoln Bar - Turnkey Opportunity

      Established Bar, Prime Location, High Potential
      401 Limit St, Lincoln, IL 62656
      View Details
    • $350,000
      0.33 Acres

      Lincoln, IL Bar & Land Investment

      Thriving Bar, Prime Location, Huge Potential
      401 Limit St, Lincoln, IL 62656
      View Details
    • $174,900
      3,600 SF

      Downtown Lincoln Commercial Gem

      Spacious 3600 sq ft commercial building, prime location.
      305 Decatur St, Lincoln, IL 62656
      View Details
    • $345,500
      4,120 SF

      Lincoln Downtown Commercial Condo

      High-yield investment, fully leased.
      207 Mclean St, Lincoln, IL 62656
      View Details
    • $345,500
      4,120 SF

      Lincoln, IL Office Investment Property

      Third-floor business condo in downtown Lincoln, fully leased until 2029.
      529 Pulaski St, Lincoln, IL 62656
      View Details
    • $345,500
      4,120 SF

      Lincoln, IL Medical Office Building

      High-return medical office investment.
      206 Mclean St, Lincoln, IL 62656
      View Details
    • $250,000

      Lincoln, IL Restaurant Building

      Downtown Lincoln eatery, renovated, $250,000
      614 Broadway St, Lincoln, IL 62656
      View Details
    • $35,000

      Downtown Lincoln Mixed-Use Building

      Prime Location, Endless Potential, 1100 sq ft
      414 Pulaski St, Lincoln, IL 62656
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant/Retail Opportunity in IL
    Where is this restaurant located?
    The property is located at 513 Chestnut St Mount 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: $169,000 asking price for a .41-acre lot in Mt. Pulaski, IL.; Brick and vinyl-sided building, previously a Subway, with dining area, prep area, office, and two ADA-compliant restrooms.; Includes all existing appliances (tables, chairs, walk-in cooler, freezer).
    Request Owner's contact information
    513 Chestnut St Mount Pulaski, IL 62548
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    513 Chestnut St
    Mount Pulaski, IL 62548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 Chestnut St Mount Pulaski, IL 62548
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.