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Steak 'n Shake to Sell Surplus Real Estate in Move That May Become More Common

The Texas Restaurant Chain Plans to Auction Closed Properties to Highest Bidders in Coming Weeks
The Steak 'n Shake in Livonia, Michigan, is one of the 15 properties being auctioned off in coming weeks. (CoStar)
The Steak 'n Shake in Livonia, Michigan, is one of the 15 properties being auctioned off in coming weeks. (CoStar)
CoStar News
August 10, 2020 | 10:41 P.M.

Steak 'n Shake, a chain known for its steak burgers and milkshakes, is putting some closed surplus real estate across the country up for bidding in a move one property auction executive says may be repeated by other national retail chains over the next six months as the pandemic slams the economy.

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