Brick Car Wash
For Sale
$250,000
1305 Clark Street, South Beloit, IL 61080
Business/Comm, South Beloit, IL
Property Size2,862 SF
Lot Size0.61 Acres
Price / SF$87.35
Days on Market148
Property Features for 1305 Clark Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Alley, Overhead doors, Truck dr(s) 15ft or lower
Lot features
Industrial park, Near Major Highway
Directions
Right turn off Gardner St
Subdivision
ILLINOIS
Standard status
Active
APN
0405427007
Size
2,862 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
3099
Building Details
Year built
1986
Number of units
1
Roof type
Flat
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 365-1481
Listed By:
De'Andre Jones · License #94275-94
(608) 931-5806
Added: Apr 7
Changed: Aug 31
Last Checked: Sep 1 at 2:06AM
MLS# 1996982
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding car wash property includes a 2,862-square-foot building constructed in 1986 on a 0.61-acre parcel. The structure has brick exterior construction, a flat roof, overhead doors, and an interior alley. Truck doors accommodating vehicles 15 feet or lower are also present, supporting the property’s automotive orientation.
The site is located at 1305 Clark Street in South Beloit, Illinois, within Winnebago County. The parcel contains approximately 26,550.81 square feet and has been raised above the flood zone. Commercial zoning applies to the property.
The site is located at 1305 Clark Street in South Beloit, Illinois, within Winnebago County. The parcel contains approximately 26,550.81 square feet and has been raised above the flood zone. Commercial zoning applies to the property.
Key Highlights
- 2,862‑square‑foot car wash building on a 0.61‑acre parcel
- Constructed in 1986 with brick exterior construction and a flat roof
- Overhead doors and truck doors for vehicles 15 feet or lower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,040
$276.0K
Cap Rate 7%
$197,171
$197.2K
Cap Rate 9%
$153,356
$153.4K
Market Conditions
NOI Build-Up for 2,862 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.3K $7.44/SF
− Vacancy
−$1.6K −$0.55/SF
EGI
$19.7K $6.89/SF
− OpEx
−$5.9K −$2.07/SF
NOI
$13.8K $4.82/SF
Area
Winnebago County, IL
Vacancy
7.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,040
Cap Rate 7%
$197,171
Cap Rate 9%
$153,356
Alternative Uses
Best Use
Specialty Retail
$777.7K
$680.5K – $907.4K
NOI $54,442 @ 7.0% cap · market cap 21.78%
Second Best
Retail
$602.1K
$526.9K – $702.5K
NOI $42,148 @ 7.0% cap · market cap 16.86%
Theoretical Best
Office A
$780.1K
$682.6K – $910.1K
NOI $54,607 @ 7.0% cap · market cap 21.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
5,842 visits/mo
0.3 miles
Demographics for 61080, IL
11,252
Population
4,773
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
93%
High-School Grad
25.1 sq mi
ZIP Area
448
Density / Sq Mi
$78,533
Median Household Income
$44,081
Median Earnings
$877
Median Rent
$172,300
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 - Commercially zoned car wash property with overhead doors and a freestanding building on a raised lot.
Where is this car wash located?
The property is located at 1305 Clark Street South Beloit, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,862‑square‑foot car wash building on a 0.61‑acre parcel; Constructed in 1986 with brick exterior construction and a flat roof; Overhead doors and truck doors for vehicles 15 feet or lower
