1106 S Main St - Storefront FOR SALE


Lewistown, IL 61542
$350,000 USD
309-363-2929
1106 S Main St, Lewistown, IL for Sale
$350,000 USD
Storefront - FOR SALE
1/20
null | 19.89% Cap Rate

1106 S Main St
Lewistown, IL 61542


OVERVIEW

Excellent investment opportunity for a car wash and laundromat combination, the "Car Zone,” located on State Route 24/S. Main Street in Lewistown, Illinois. This is the only car wash and laundromat in Lewiston (population 1,963). 2024 net operating income (NOI) was $72,492 for a nearly 20% CAP rate. Traffic counts at this corner are 7900 per day. Carwash has 1 automatic bay and 3 manual wash bays. Sellers have operated this business for 12 years and are ready to retire - sellers average 8-10 hours per week maintaining the property. Updated features include: energy efficient boiler in carwash floor (2019), automatic car wash (2015), reverse osmosis (2019), water softener (2017), energy efficient windows (2013), laundromat water heater (2013), 10 front loading washing machines (2012), exterior of buildings painted (2015), new "pay stations" for car wash (2022), and asphalt parking lot resurfaced (2022).

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

19.89%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Wash Zone Car Wash & Coin Laundry

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jessica BallRE/MAX Traders Unlimited CommercialMore Info
309-363-2929

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Jessica BallRE/MAX Traders Unlimited CommercialMore Info
309-363-2929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.