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Property profile & analytics

513 Chestnut St Mount Pulaski, IL 62548

  • Commercial real estate
  • 0.41 lot acres
Value Estimation
Location Intelligence
Property ID
US28-3841437
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Subway / Sandwich Shop / Caterer

Property Details for 513 Chestnut St

Lot size
0.41 lot acres
Property type
Commercial real estate
APN
06-064-030-70
APU
606403070

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $290,000
    6.5%
    $310,000
    7%
    $285,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $320,000
    Geo Method
    $275,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $305,000
    Retail
    $305,000
    Mixed-Use
    $235,000
    Hospitality
    $300,000
    Educational
    $270,000
    Residential Income
    $310,000
    Energy
    $275,000
    Income-Based Land
    $220,000
    Food Service
    $270,000

Location Insight

  • Map
  • Local Demand
City
Mount Pulaski
County
Logan
State
Illinois
Longitude
-89.279
Latitude
40.0155
CBSA code
30660
CBSA name
LINCOLN, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,125
$3,220
$57,790
$61,010
-
$9,660
$173,370
$183,030
More about this property
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