Wash Zone Investment
For Sale
Contact for pricing
1106-1110 S MAIN Street, Lewistown, IL 61542
Car wash and laundromat combination for sale in Lewistown, Illinois.
Property Size1,520 SF
Price / SF$217.11
Days on Market1684
Property Features for 1106-1110 S MAIN Street
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Land
Zoning
Commercial
Building Details
Year Built
1970
Listing Agency:
RE/MAX Traders Unlimited
(309) 687-5000
Listed By:
Randy McMillen · License #471011317
Source:
Crexi
Added: Jan 9, 2022
Changed: Aug 8
Last Checked: Aug 20 at 9:32AM
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 RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
The Wash Zone, a car wash and laundromat combination, presents an investment opportunity on State Route 24/S. Main Street in Lewistown, Illinois. As the only car wash and laundromat in Lewistown, serving a population of 1,963, the property benefits from a traffic count of 7,900 per day at its corner location. The 2023 net operating income (NOI) was $69,630, reflecting a nearly 19.8% CAP rate. The car wash includes 1 automatic bay and 3 manual wash bays. The sellers, who have operated the business for 12 years and spend an average of 8-10 hours per week maintaining the property, are ready to retire. Updated features include an energy-efficient boiler in the carwash floor installed in 2019, with a new boiler for the carwash floor in 2024, an automatic car wash installed in 2015, reverse osmosis installed in 2019, a water softener installed in 2017, energy-efficient windows installed in 2013, a laundromat water heater installed in 2013, 10 front-loading washing machines installed in 2012, an exterior building paint job in 2015, new "pay stations" for the car wash in 2022, and an asphalt parking lot resurfaced in 2022. The property size is 1520 square feet.
Key Highlights
- Only car wash and laundromat in Lewistown, Illinois (population 1,963).
- High CAP Rate: Nearly 19.8% based on 2023 NOI of $69,630.
- High Traffic Location: 7,900 vehicles per day.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,097 visits/mo
0.0 miles
Demographics for 61542, IL
3,423
Population
1,727
Households
2
Avg Household Size
48
Median Age
21%
College-Educated
95%
High-School Grad
113.1 sq mi
ZIP Area
30
Density / Sq Mi
$65,529
Median Household Income
$38,523
Median Earnings
$683
Median Rent
$115,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash and laundromat combination for sale in Lewistown, Illinois.
Where is this car wash located?
The property is located at 1106-1110 S MAIN Street Lewistown, IL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Only car wash and laundromat in Lewistown, Illinois (population 1,963).; High CAP Rate: Nearly 19.8% based on 2023 NOI of $69,630.; High Traffic Location: 7,900 vehicles per day.
