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    FOR SALE
    Commercial real estate

    513 E Chestnut St, Mt Pulaski, IL 62548

    0.41 ac lot
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US28-3841437
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.41 ac (17,860 SF)
    APN 06-064-030-70
    UPID US28-3841437
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Subway Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    G.l.h. Real Estate Company · 16 yrs held
    G.l.h. Real Estate Company
    since 2010
    2 recorded transactions
    2019
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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