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Car Wash Opportunity in Lebanon
For Sale
$175,000

221 N Madison Street, Lebanon, IL 62254

LAND - Lebanon, IL

Property SizeContact for details
Lot Size0.50 Acres
Days on Market43

Property Features for 221 N Madison Street

General Information

Property type Land
Property subtype Other
Subdivision NOT IN A SUBDIVISION
Standard status Active
APN 05190125010
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Mary Mason Place lot/sec-1 BK A02457276
Tax Annual Amount 3262
Legal Description Mary Mason Place lot/sec-1 BK A02457276

Building Details

Year built 1966
Floors in Building 1
Building materials Concrete, Block
Listing Agency: Real Broker LLC
Listed By: Darin Revermann · License #475.179348
Added: Jul 9 Changed: Aug 7 Last Checked: Aug 20 at 4:06PM
MLS# 25073620

Copyright © 2026 Mid America Regional Information Systems, 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 property features a coin-operated carwash, identified as the only one in town. It benefits from excellent highway visibility and traffic count. The carwash includes multiple coin-operated vacuums. Situated on a double lot, the property also features a rear exit road. The property size is 2820 square feet and the lot size is approximately 0.5 acres. The location is described as being in a city with high traffic. This presents an opportunity to purchase a car wash, including all equipment.

Key Highlights

  • Only carwash in town
  • Excellent highway visibility and traffic count
  • Includes all equipment

Property Analytics

Current Use

Self service car ...

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store

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

246
Businesses Nearby

Demographics for 62254, IL

6,503
Population
2,725
Households
2.4
Avg Household Size
36
Median Age
37%
College-Educated
92%
High-School Grad
40.9 sq mi
ZIP Area
159
Density / Sq Mi
$89,500
Median Household Income
$36,381
Median Earnings
$1,100
Median Rent
$196,600
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Car wash - Car wash with highway visibility on a double lot.
Where is this car wash located?
The property is located at 221 N Madison Street Lebanon, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Only carwash in town; Excellent highway visibility and traffic count; Includes all equipment
More about this property
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