Renovated Car Wash Investment
102 E 3rd St Coal Valley, IL 61240
For Sale
$845,000
Car wash with long-term corporate lease and renovation.
Days on Market140
Property Features for 102 E 3rd St
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1972
Listing Agency:
SVN | Silveri Company
(616) 893-1398
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Svn
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 23 at 5:21AM
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 SVN | Silveri Company
Investment Insights
Based on property information with market context.
This investment property features a fresh 15-year absolute triple net corporate lease to Clean and Lube Incorporated. The lease includes annual rent increases during the base term and the two 15-year renewal option periods. The property is undergoing a complete renovation and will soon include two new Castrol Premium Lube Express Oil Change bays, one automatic wash, one large self-serve bay, and Clean and Lube Community Car Wash Fundraisers. The tenant is responsible for all costs associated with the property.
Key Highlights
- 15‑year absolute triple net corporate lease to Clean and Lube Incorporated.
- Annual rent increases during base term and renewal options.
- Complete renovation underway.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Waterworks Car Wash
Car Wash
FAQs
What type of property is this?
Car wash - Car wash with long-term corporate lease and renovation.
Where is this car wash located?
The property is located at 102 E 3rd St Coal Valley, IL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 15‑year absolute triple net corporate lease to Clean and Lube Incorporated.; Annual rent increases during base term and renewal options.; Complete renovation underway.
