513 E Chestnut St, Mt Pulaski, IL 62548
For Sale
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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.
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Subway Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.