Building Details

Building Size 3,816 SF

Year Built 1970

Listing Agency: RE/MAX j***@remax.net Show Phone

Listed By: Jessica Ball · License #475175281

Source: Remaxcommercial

Added: Sep 25, 2025 Changed: Aug 8 Last Checked: Aug 18 at 4:14AM

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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 car wash features 1 automatic bay and 3 manual wash bays. The 2023 net operating income (NOI) was $69,630, reflecting a nearly 19.8% CAP rate. Updated features include an energy-efficient boiler in the carwash floor (2019), a new boiler for the carwash floor (2024), an automatic car wash (2015), reverse osmosis (2019), a water softener (2017), energy-efficient windows (2013), a laundromat water heater (2013), 10 front-loading washing machines (2012), a painted exterior (2015), new "pay stations" for the car wash (2022), and an asphalt parking lot resurfaced in 2022. The property size is 3,816 square feet.

Key Highlights

• High CAP Rate: Enjoy a nearly 19.8% CAP rate based on the 2023 NOI.
• Only Car Wash and Laundromat in Lewistown: Capture the entire local market.
• Prime Location: Situated on State Route 24, S. Main Street with high traffic counts.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Auto Parts Store Building Supply Storage Facility

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

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Explore this area Business Placement

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Car wash - Car wash and laundromat investment opportunity in Lewistown, Illinois.

Where is this car wash located?

The property is located at 1106 South 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: High CAP Rate: Enjoy a nearly 19.8% CAP rate based on the 2023 NOI.; Only Car Wash and Laundromat in Lewistown: Capture the entire local market.; Prime Location: Situated on State Route 24, S. Main Street with high traffic counts.