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2,968 SF Restaurant Real Estate Auction in Paris, IL



Wednesday, July 21
10am – 1pm (CT)

Live Auction

Wednesday, August 4th
1pm (CT)

Auction & Registration Details

Property Address: 618 East Jasper Street, Paris, IL 61944

Bid your price to own this 2,968 SF restaurant at the signaled corner of US Hwy 150 & Lower Terre Haute Road with an average of 11,000 vehicles passing daily on US 150. This property has great potential for family dining or a bar and grill. Neighbors include Walmart, McDonald’s, Subway, Monical’s Pizza, Rent-A-Center and more.

The property consists of 0.43 acres with 125′ of frontage on Jasper Street/US Hwy 150 and parking for 30+ vehicles. It is zoned C2 in the City of Paris Commercial District. The Anson fire suppression system, kitchen hood, walk-in cooler, 3-compartment dish sink and on-demand water heater are included with the purchase of the property.

Additional due diligence, approved PUD documents and Auction Terms can be downloaded below. If you have questions, comments or would like to schedule a private inspection, please reach out to Seth Seaton at (317)450-6469 or sseaton@keyauctioneers.com.

To participate in our live auctions you must be registered and approved to bid by Key Auctioneers. Prior to or the day of the auctions, all bidders will be subject to fulfilling the following requirements prior to being approved to bid:
1) Bring a Government-issued Photo ID for the individual registering;
2) Execute the auction terms (this can be done the day of the auction or you can request an electronic copy by emailing realestate@keyauctioneers.com with your First & Last name and the auction you are interested in;
3) Bring a $10,000 down payment. This is most commonly a cashier’s check made out to yourself.  If you have any questions, please reach out to Seth Seaton at (317)450-6469.

General Property Details
Address 618 E. Jasper Street, Paris, Illinois 61944
Zoning C2 – Commercial District (City of Paris, IL)
Parcel Number 09-18-12-200-005
Lot Size 0.43 acres (Lot Dimensions: 125′ x 150′)
Frontage Area 125′ on Jasper Street / US Hwy 150
Avg. Daily Traffic Count 11,000 (2019 IDOT Count)
Building Size 2,968 square feet
Construction Type Wood framed / Stucco exterior
Roof Type Flat rubber membrane & metal sheeting
Year Built 1974 / 2011 addition & renovation
HVAC Type Forced-Air Gas Heat / Central Air
Clear Ceiling Height Dining Room: 7′ 9″ / Kitchen: 7′ 3″ – 8′ 3″
Parking Lot Concrete (30 parking spaces / 27 marked)
Fair Cash Value $237,720 (2019 pay 2020)
Assessed Tax Value $79,240 (2019 pay 2020)
Annual Taxes $7,084.26 (2019 pay 2020)
Existing Signage Pylon backlit sign with letterboard rider
Equipment Included: Ansul R-102 Wet Chemical Fire Suppression System w/ Hood
  Walk-in Cooler (6′ x 10′) w/ Trenton Condenser (R404A/R507)
  Richmond Tankless Water Heater, Model: RMTG64DVLN-1
  3-Compartment Stainless Steel Dish Sink

 General Auction Terms
Required Down Payment: $10,000 cashier’s check prior.
Total deposit to be increased to 10% of bid price within 3 days.
Closing Time: 30 days after auction (September 3, 2021)
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium 

Licenses:  Johnathan Baker RE Broker: 471004634; Auctioneer: 441001326
Seller: Zelda P, LLC

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