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Speedway to Buy Gas City Stations in Frankfort, Surrounding Area

The Ohio-based gas station and convenience store chain placed winning bids on Gas City properties throughout the South Suburbs.

  • CORRECTION (3:58 p.m. April 12)--An earlier version of this story incorrectly stated court approval of the sale would be Thursday of this week. Court approval is set for Wednesday. We regret the error.

Speedway LLC is the potential buyer of multiple Gas City stations in the area, including Frankfort, Mokena and New Lenox, according to court documents.

Last week, the Frankfort-based Gas City . On Wednesday, a U.S. Bankruptcy Court judge in Chicago will decide whether to approve the sale of those stations. After that, Gas City will work with the indivdual buyers to close the sales of the properties.

Speedway, which is owned by Marathon Petroleum Co., is an Ohio-based chain of gas stations and convenience stores with locations throughout the Midwest. A spokesman for Speedway said he could not comment on the purchases until the sales process was complete.

Other potential buyers of Southland stations are Alimentation Couche-Tard, a Canadian convenience store company that also operates Circle K outlets; and HomeStar Bank and Financial Investments, a community bank headquarted in Kankakee County.

The following charts list the winning bidders of Gas City stations in the area, as well as their bids. Information was collected from court documents. 

Frankfort

Address Buyer Bid 22310 S. LaGrange Road Speedway $2,586,723 855 S. Center Road Speedway $1,312,722 11151 W. Lincoln Hwy. Speedway $3,830,033 19730 S. Harlem Ave.
Speedway $6,338,829

Mokena

Address Buyer Bid 19855 S. LaGrange Road
Speedway $5,296,628 18701 S. Wolf Road
Speedway $3,560,633 19855 S. 96th Ave. HomeStar Bank and Financial Services $620,000

New Lenox

Address Buyer Bid 939 S. Cedar Road Speedway $2,222,957 570 Laraway Road Speedway $2,200,000

Darien

Address Buyer Bid 10250 Lemont Road Speedway $3,245,237

Homer Glen

Address Buyer Bid 12502 W. 143rd St. Speedway $2,372,139 15060 S. Bell Road Speedway $2,415,675 15551 W. 143rd St. Speedway $2,854,893

Naperville

Address Buyer Bid 3004 Reflection Dr. Speedway $3,457,580

Orland Hills

Address Buyer Bid 9390 W. 171st St. Alimentation Couche Tarde $650,000 16707 S. LaGrange Road Alimentation Couche Tarde $1,650,000

Oswego

Address Buyer Bid 4032 Route 34 Speedway $1,060,500

Palos Park

Address Buyer Bid 13059 S. LaGrange Road Alimentation Couche Tarde $2,843,540

Romeoville

Address Buyer Bid 1300 Normantown Road Speedway $6,156,038

Shorewood

Address Buyer Bid 900 Brookforest Dr. Speedway $3,500,000

Tinley Park

Address Buyer Bid 18460 80th Ave. Speedway $5,232,806
Vince Turner May 17, 2011 at 02:39 AM
Good luck to the employees of Gas City who are out of a job, but good riddance to the overpricing. I can't believe they lasted as long as they did. I guess people just don't pay attention to what they're paying in exchange for convenience or habit. I have a routine of spending $7.40 every morning at Speedway. Unfortunately I had to take a different route one day, so I stopped at a Gas City and the same items cost me just under $10. I felt like an idiot and never went back. True story
mh May 18, 2011 at 07:18 PM
does anyone know what will happen to the corporate headquarters?
Jim Ford March 17, 2013 at 06:41 PM
Mike Lavieri was the biggest snake of them all. A theif and jealous lier
Gina g March 17, 2013 at 11:41 PM
Funny that Jim ford would ever say anything like that about a former hard working employee. Jim was jealous of mike and I know that for a fact. He never got the respect from bill that mike did. Bill loved mike and Jim was jealous. Mike was a extremely hard worker and dedicated everything he ever had to gas city! I'm pretty sure Jim was the thief from what I heard... Jim don't throw stones when your glass house is the first street on the block. Xo
Lou lee March 18, 2013 at 01:22 AM
I agree Gina! Someone that is guilty is always the first to speak to take everyone down with them. Shame on ANYONE who thinks that Mike was anything short of a Great boss and employee.

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