Building Details

Building Size 1,776 SF

Year Built 1970

Buildings 1

Stories 1

Listing Agency: Southern Illinois Realty, LLC d***@yahoo.com Show Phone

Listed By: Doug Payne · License #471005505 Show Phone

Source: Finehomesbydawn

Added: Jun 18, 2025 Changed: Oct 23 Last Checked: Oct 23 at 1:12PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Illinois Realty, LLC

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Investment Insights

Based on property information with market context.

This 1,776-square-foot self-service car wash has four bays and was built in 1970. Equipment has been replaced or refurbished, and the parking lot was recently resurfaced.

The property is located off Route 3 at 104 Jerome Lane in Cahokia, Illinois.

Key Highlights

• Four self‑service wash bays
• 1,776‑square‑foot facility built in 1970
• Equipment has been replaced or refurbished

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,419

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,380 $228.4K

Cap Rate 7%

$163,129 $163.1K

Cap Rate 9%

$126,878 $126.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,776 SF

Gross rent

$17.3K $9.72/SF

− Vacancy

−$949 −$0.53/SF

EGI

$16.3K $9.19/SF

− OpEx

−$4.9K −$2.76/SF

NOI

$11.4K $6.43/SF

Area

St. Clair County, IL

Vacancy

5.50%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,380

Cap Rate 7%

$163,129

Cap Rate 9%

$126,878

Alternative Uses

Best Use

Specialty Retail

$345.6K

$302.4K – $403.2K (±1% cap)

NOI $24,194 @ 7.0% cap · market cap 16.46%

Second Best

Retail

$253.5K

$221.8K – $295.8K (±1% cap)

NOI $17,745 @ 7.0% cap · market cap 12.07%

Theoretical Best

Office A

$420.4K

$367.9K – $490.5K (±1% cap)

NOI $29,431 @ 7.0% cap · market cap 20.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Self service car ...

Suggested Use

Top Pick Real Estate Agency Electrical Service Storage Facility Garden Center Parking Lot & Garage Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

195

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

8,430 visits/mo 0.3 miles

Charlie's Carstar Auto Body Shops & Services

541 visits/mo 0.3 miles

Demographics for 62260, IL

7,162

Population

2,863

Households

2.5

Avg Household Size

46

Median Age

31%

College-Educated

98%

High-School Grad

43.9 sq mi

ZIP Area

163

Density / Sq Mi

$93,929

Median Household Income

$52,766

Median Earnings

$1,000

Median Rent

$229,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Self service car wash - Recently resurfaced parking and updated or refurbished equipment support the four-bay wash operation.

Where is this self service car wash located?

The property is located at 104 Jerome Lane Cahokia, IL.

What is the asking price?

The asking price for this property is $147,000.

What are key features of this property?

This property features: Four self‑service wash bays; 1,776‑square‑foot facility built in 1970; Equipment has been replaced or refurbished