Speedway to Buy Gas City Stations in Frankfort, Surrounding Area

• 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