Corporate Surplus | Restaurant on Hwy 111 at I-270 Pontoon Beach, IL

Note: Online bidding will close on Wednesday, May 14 at 3:00pm ET (2:00pm CT)

Corporate Surplus | Restaurant on Hwy 111 at I-270

• Former Denny’s Restaurant
• 4,698 sf on 1.3 Acres
• On Hwy 111 just South of I-270
• High Rise Sign visible from I-270
• Adjacent to Amazon Hub and Gateway TradePort a 7.5M sf Industrial Park
• 5 Hotels Near (3 adjacent)
• Heavy Traffic – ADT is 55,200 on I-270 and 14,200 on Hwy 111
• 80 Parking Spaces
• Built in 1999
• All remaining equipment, table and chairs, plus included
• Pontoon Beach Municipal Complex next door
• Zoning = B-2 – General Business – Drive-Thru Permitted
• Utilities Providers: Gas & Electric is Ameren, Water is Pontoon Beach Public Water, Sewer is Madison County Special District and Internet is Spectrum
• $26,621.60 = 2023 Property Taxes
• $1,030,600 or $219/sf = 2023 Fair Market Value per Assessor

Parcel ID#: 18-2-14-35-17-301-022
2023 Fair Market Value per Assessor: $1,030,600
2023 Annual Taxes: $26,621.60

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

Tranzon Asset Advisors, Vance Luksetich, IL Broker #471.014411

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Vance Luksetich

Vance Luksetich: Tranzon Asset Advisors

618-830-9091 vancel@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 40-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
• Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.