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    211 Capitol St Pekin, IL 61554

    Sponsored
    For Sale
    $599,900

    Established Car Wash Business, 1 Acre Lot

    Property size:
    8,651 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property presents a rare opportunity to acquire an established and profitable car detailing and car wash center in Pekin, Illinois. Located at 211 Capitol Street, this business occupies a substantial 1.03-acre lot (44,750 sq ft) and boasts a sizable 8,651 square foot building constructed in 1965. The property is zoned B3, offering flexibility for potential expansion or future development. The single-story building currently houses a thriving full-service car wash, the only one of its kind in Tazewell County, ensuring a strong and consistent customer base. The asking price is $599,900, translating to $69.34 per square foot. Detailed financial information is available upon execution of a confidentiality agreement. This turnkey operation includes an extensive commercial book of business, providing immediate revenue potential for the new owner. The property's prime location and established reputation make it an ideal investment for an experienced entrepreneur seeking a profitable venture in a growing market. This is a unique opportunity to own a well-established business with significant growth potential in a desirable location. No air rights are included with this sale.

    Property Features for 211 Capitol St

    General Information

    Property type
    Land
    Square Feet
    8,651 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $599,900 asking price for 1.03‑acre commercial land.
    • 8,651 square feet of land, priced at $69.34 per square foot.
    • Established car detailing and car wash business included.
    • Located at 211 Capitol Street, Pekin, IL 61554.
    • Single‑story, 1965‑built building on a 44,750 square foot lot.
    • B3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pekin Downtown Car ... Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6478806
    Latitude
    40.5718391

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    FAQs

    What type of property is this?
    Land - Established Car Wash Business, 1 Acre Lot
    Where is this land located?
    The property is located at 211 Capitol St Pekin, IL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: $599,900 asking price for 1.03-acre commercial land.; 8,651 square feet of land, priced at $69.34 per square foot.; Established car detailing and car wash business included.
    Request Owner's contact information
    211 Capitol St Pekin, IL 61554
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    211 Capitol St Pekin, IL 61554
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