Two-Location Self-Service Car Wash
New
For Sale
$1,600,000
Pending
2740 State Route 160, Highland, IL 62249
Commercial Sale, Highland, IL
Property Size8,304 SF
Lot Size0.50 Acres
Days on Market4
Property Features for 2740 State Route 160
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Maurice & Karen Korte 1st Sub
Standard status
Pending
APN
02-2-18-33-00-000-040/02-2-18-32-15-401-002-014
Lot size
0.50 Acres
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Business Included
Yes
Automotive
Automotive Uses
car wash
Car Wash Format
self-serve bays, in-bay automatic
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10228
Building Details
Year built
2007
Building materials
Block
Buildings
2
Listing Agency:
Real Broker LLC
(630) 423-5891
Listed By:
Darin Revermann
(618) 972-7520
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 29 at 1:06PM
MLS# 26068361
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Highland car wash portfolio comprises two operating facilities with 15 wash bays in total, including two touchless automatic bays. The property at 134 Wood Crest Drive has 9 self-service bays and one automatic bay in 5,292 square feet; it was built in 2018. At 2740 State Route 160, the 3,012-square-foot facility has 4 self-service bays and one automatic bay and dates to 2007. The sale includes the real estate, wash equipment, and business, with public water and sewer serving the properties.
The portfolio is located in Highland, Madison County, Illinois. Its 2025 adjusted net operating income was reported at $187,976, corresponding to an 11.75% cap rate at the stated asking price. The reported average adjusted NOI for 2023–2025 corresponds to a 9.23% cap rate.
The portfolio is located in Highland, Madison County, Illinois. Its 2025 adjusted net operating income was reported at $187,976, corresponding to an 11.75% cap rate at the stated asking price. The reported average adjusted NOI for 2023–2025 corresponds to a 9.23% cap rate.
Key Highlights
- Two Highland facilities with 15 wash bays, including 2 touchless automatic bays
- 134 Wood Crest Drive: 9 self‑service bays, 1 automatic bay, 5,292 SF; built 2018
- 2740 State Route 160: 4 self‑service bays, 1 automatic bay, 3,012 SF; built 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,910
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,200
$2.0M
Cap Rate 7%
$1,455,857
$1.5M
Cap Rate 9%
$1,132,333
$1.1M
Market Conditions
NOI Build-Up for 8,304 SF
Gross rent
$149.5K $18.00/SF
− Vacancy
−$3.9K −$0.47/SF
EGI
$145.6K $17.53/SF
− OpEx
−$43.7K −$5.26/SF
NOI
$101.9K $12.27/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,200
Cap Rate 7%
$1,455,857
Cap Rate 9%
$1,132,333
Alternative Uses
Best Use
Retail
$1.46M
$1.27M – $1.70M
NOI $101,910 @ 7.0% cap · market cap 6.37%
Second Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,484 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,440 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
780
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Carquest Auto Parts
Shops & Services
780 visits/mo
0.5 miles
Demographics for 62249, IL
16,052
Population
7,317
Households
2.2
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
88.7 sq mi
ZIP Area
181
Density / Sq Mi
$88,986
Median Household Income
$53,122
Median Earnings
$779
Median Rent
$220,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Self service car wash - The offering combines 15 wash bays, touchless automatics, and the associated real estate, equipment, and operating business.
Where is this self service car wash located?
The property is located at 2740 State Route 160 Highland, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two Highland facilities with 15 wash bays, including 2 touchless automatic bays; 134 Wood Crest Drive: 9 self‑service bays, 1 automatic bay, 5,292 SF; built 2018; 2740 State Route 160: 4 self‑service bays, 1 automatic bay, 3,012 SF; built 2007
