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1106 South Main St Lewistown, IL 61542

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For Sale
$350,000

Car wash and laundromat investment opportunity in Lewistown, Illinois.

Lot size:
0.38 Acres

Property Features for 1106 South Main St

General Information

Lot size
0.38 Acres

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Listing Contact
Jessica Ball
Jessica Ball
Source: Remaxcommercial

Listing Agency: RE/MAX Traders Unlimited Listing Agent: Jessica Ball

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

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Property Insight Report

Overview

Lewistown Car Wash & Laundromat

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Lewistown
County
Fulton
State
Illinois
Longitude
-90.155267
Latitude
40.404333

FAQs

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 St Lewistown, IL.
What is the asking price?
The asking price for this property is $350,000.
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.
More about this property
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