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2208 W Springfield Ave, Unit Champaign Champaign, IL 61821

For Sale
$950,000

Twelve-bay car wash with mechanical room and restroom.

Property size:
7 SF

Property Features for 2208 W Springfield Ave

General Information

Size
7 SF

Source: Zach Wetherell, CCIM Agent Zach Wetherell, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Twelve-Bay Self-Service Car Wash

The subject property is a twelve-bay self-service car wash constructed in 1979. The block building totals 7,680 square feet and includes storage, a mechanical/maintenance room, and one restroom located in the middle of the building. It features 3-Phase, 600 amp service. Six of the twelve bays were not operable in 2023 and part of 2024, but all twelve bays were operable as of August 2024. There may be a need for a cross-access parking agreement with the property located at 2206 W. Springfield Ave next door to the east. The property can also be purchased along with 2206 W. Springfield Ave. The Net Operating Income (NOI) was $184,858 in 2023 and $108,346 in 2024. The projected NOI for 2025 is between $75,000 and $80,000, based on current performance.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

CU Auto Bath ... Car Wash

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.285189
Latitude
40.113335

FAQs

What type of property is this?
Self service car wash - Twelve-bay car wash with mechanical room and restroom.
Where is this self service car wash located?
The property is located at 2208 W Springfield Ave, Unit Champaign Champaign, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: - Twelve-bay self-service car wash, all operable as of August 2024.; - High NOI potential, with a projected $75,000-$80,000 for 2025.; - Substantial building size of 7,680 SF with storage, mechanical room, and restroom.
More about this property
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