Car Wash with Self Service
For Sale
$300,000
Pending
14419 Leo Road, Leo, IN 46765
COMMERCIAL - Leo, IN
Property Size3,226 SF
Lot Size0.87 Acres
Days on Market239
Property Features for 14419 Leo Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C1 overlay district
Directions
On Leo Road in Leo
Subdivision
Allen County
Standard status
Pending
APN
02-03-22-152-006.000-082
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
143.05 x 264 ft tr W of Leo Rd & 1039.45 ft N of S line NW 1/4 Sec 22
Tax Annual Amount
1363
Legal Description
143.05 x 264 ft tr W of Leo Rd & 1039.45 ft N of S line NW 1/4 Sec 22
Building Details
Year built
2002
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Eager Realty Group, Inc.
(260) 450-1606
Listed By:
John Eager · License #RB14032054
(260) 450-1606
Added: Dec 9, 2025
Changed: Aug 4
Last Checked: Aug 5 at 2:06AM
MLS# 202548472
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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 car wash facility features four self service bays and one automatic wash bay, supported by a heated mechanical room. Built as new construction in 2002 by the current owner, the property includes concrete dirt trap/drain assemblies for each bay measuring 4 feet by 6 feet, with steel grates. Operating equipment includes a Futura-SSA No Touch Rollover System and a Future Genesis Drying System, along with brushes, wands, bill changers, vending machines, and stainless steel vacuum units. The sale also includes misc. supplies on hand.
The facility is served by municipal sewer and utilities including electricity and natural gas. Water is supplied by an on-site well. The building totals 3,226 square feet and sits on 0.87 acres.
Functionally, the site is set up specifically for both automated washing and self service operation, with dedicated bay drainage hardware and equipment to support day-to-day wash services.
The facility is served by municipal sewer and utilities including electricity and natural gas. Water is supplied by an on-site well. The building totals 3,226 square feet and sits on 0.87 acres.
Functionally, the site is set up specifically for both automated washing and self service operation, with dedicated bay drainage hardware and equipment to support day-to-day wash services.
Key Highlights
- Car wash facility built in 2002 with 4 self‑service bays plus 1 automatic wash bay
- 3,226 sq ft building on 0.87‑acre lot
- Each bay includes a 4 ft x 6 ft concrete dirt trap/drain with steel grates
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $9.00 |
| − Vacancy | −$3.2k | −$0.98 |
| EGI | $25.9k | $8.02 |
| − OpEx | −$7.8k | −$2.41 |
| NOI | $18.1k | $5.61 |
3,226 SF · lease $9.00/SF/yr · vacancy 10.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$433.6K
$379.4K – $505.8K
NOI $30,350 @ 7.0% cap · market cap 10.12%
Second Best
Industrial
$258.7K
$226.4K – $301.8K
NOI $18,109 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$743.6K
$650.6K – $867.5K
NOI $52,049 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Yes
Water rights
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
BP
Shops & Services
8,825 visits/mo
0.1 miles
GetGo Gas Station
Shops & Services
5,513 visits/mo
0.1 miles
Dollar General
Shops & Services
5,352 visits/mo
0.3 miles
Shell
Shops & Services
5,141 visits/mo
0.4 miles
SUBWAY
Dining
2,678 visits/mo
0.1 miles
Demographics for 46765, IN
5,580
Population
2,070
Households
2.7
Avg Household Size
41
Median Age
38%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
443
Density / Sq Mi
$105,114
Median Household Income
$52,500
Median Earnings
$1,148
Median Rent
$281,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self service car wash - Car wash facility with four self service bays and one automatic bay, plus a heated mechanical room.
Where is this self service car wash located?
The property is located at 14419 Leo Road Leo, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Car wash facility built in 2002 with 4 self‑service bays plus 1 automatic wash bay; 3,226 sq ft building on 0.87‑acre lot; Each bay includes a 4 ft x 6 ft concrete dirt trap/drain with steel grates
