Lot # : 1 - Commercial Real Estate and Equipment Auction

Online Only Auction
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Mt. Pulaski, IL 62548
Date(s)
9/23/2024 - 10/7/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

Very Nice Building in a Prime Location in the Town of Mount Pulaski, Illinois If you would like to see the property in person please give us a call at 217-552-7649 AUCTION ENDS OCTOBER 6th @ 7:00PM - 5% Buyer Fee Applies

Auction Notice:

Winning bidder will get the property and the contents which includes all the equipment from the former Subway that was open until late 2022. - If you would like to see the property in person feel free to give us a call at 217-552-7649

Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead Commercial Real Estate and Equipment Auction
Description
Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Online Real Estate Auction Former Subway Choice brick/vinyl sided commercial building situated on a .41 acre parcel of ground right on State Route 121 that previously housed a Subway restaurant. Interior of structure features a large dining area, prep area, office, and two handicapped accessible bathrooms. All appliances/supplies in structure to remain upon settlement including tables/chairs, walk-in cooler, and freezer. Side parking lot (faces E. Chestnut Street), drive-thru, and a detached storage shed type structure can also be found here. Open a unique one a kind establishment (truly a chance to allow your dreams to come true!) and attract folks from in town Mt. Pulaski in addition to surrounding communities (Lincoln, Elkhart, Chestnut, Lake Fork, Cornland, Decatur, Warrensburg, Latham, Springfield, etc.). With prime exposure right on 121 with a high daily traffic count and within a short distance of Johnson True Value, The Davis Dairy Bar, and Dollar General, this efficient and low maintenance structure could also suit various other purposes in addition to a restaurant with a little tweaking/renovating -- office, retail, etc. Opportunity knocks within the quaint Logan County city of Mt. Pulaski! 513 E Chestnut St, Mount Pulaski, IL is a commercial property that contains 0 Sq. Ft. sq ft. Parcel # 06-064-030-70 Lot Size 17,860 Sq. Ft. Property Type Commercial (General) County LOGAN Living Area Sq. Ft. 0 Sq. Ft. Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS??, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
Name Commerical Real Estate Former Subway Resturant Online Auctio
Auctioneer
Mid-State Auction Service
Type Online-Only Auction
Date(s) 9/23/2024 - 10/7/2024
Auction Date/Time Info
Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS?, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
Preview Date/Time Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS?, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
Checkout Date/Time Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS?, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
Location
513 East Chestnut - Mt. Pulaski, IL
Mt. Pulaski, IL 62548
Buyer Premium 5% BUYER FEE
Description
Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS?, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer to pay all closing costs at the time of closing.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 1,500.00 USD
97,500.01 - 9,999,999.99 2,500.00 USD
Currency USD
Buyer Premium 5% BUYER FEE
Payment Terms
Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS?, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
Commercial Real Estate Former Subway Restaurant Online Auction 513 East Chestnut - Mt. Pulaski, IL Amazing Building in an Excellent Location with Full Resturant still intact from prior owner (Former Subway Franchise) that was in use until late 2022. Equipment could be returned to service as all was working per design at time of closing. LOCATION - LOCATION - LOCATION - Frontage Road - Parking - Drive Through - Large Sign on Roadway - Storage Shed and More!!! New owner will have a ton of options to do with this property - Mt. Pulaski is a great small town Buyer is purchasing the commerical real estate and the contents of the building - no Subway Franchise rights are being sold with this offering. Auction is offered via Rawdin Auction Service in Conjunction with Mid-State Auction Services Auctioneer: C.E. Redamn "The Selling Machine" 441.002198 Auctioneer: John Rawdin 441.001944 Terms: TERMS & CONDITIONS:10% down at close of auction. Balance due and possession at closing on or before 11/6/2024. Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Lane Title Company - Lincoln, IL will handle all title work and closing. Real Estate sold "AS IS?, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Estate reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid. - Buyer will pay all closing costs at time of closing.
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