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2208 Springfield Ave Champaign, IL 61821

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For Sale
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12-Bay Self-Service Car Wash, High Traffic Area

Property size:
7,680 SF

Property Features for 2208 Springfield Ave

General Information

Property type
Automotive properties
Square Feet
7,680 SF
Lot Size
32,670 SF

Building Details

Year Built
1979

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Listing Contact
Zach Wetherell
Zach Wetherell

Listing Agent: Zach Wetherell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 7,680 square foot, twelve-bay self-service car wash located at 2208 W Springfield Ave, Champaign, IL 61821. Built in 1979, this block building sits on a 0.75-acre lot (APN: 41-20-10-451-027) and boasts 3-phase, 600-amp electrical service. Currently featuring twelve bays, six were inoperable in 2023 but will be fully operational by June 2024. Internal space includes a central storage area, mechanical/maintenance room, and a restroom. The property enjoys a prime location on a high-traffic arterial road (Springfield Avenue), seeing 16,200 vehicles daily. Surrounding businesses include national chains like Burger King, Taco Bell, Papa Johns, Dunkin Donuts, and Circle K, as well as regional banks. The property's zoning is CG - Commercial General. A potential cross-access parking agreement may be needed with the adjacent property at 2206 W. Springfield Ave. This property is also available for purchase in conjunction with the neighboring property. Noteworthy is the strong historical net operating income (NOI): $184,858 in 2023, $192,711 in 2022, and $198,209 in 2021. The asking price is $1,350,000, translating to $175.78 per square foot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

CU Auto Bath ... Car Wash

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

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  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.285232
Latitude
40.1133871

FAQs

What type of property is this?
Automotive property - 12-Bay Self-Service Car Wash, High Traffic Area
Where is this automotive property located?
The property is located at 2208 Springfield Ave Champaign, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: $1,350,000 asking price for a 7,680 SF retail property.; 12-bay self-service car wash, built in 1979.; Located at 2208 W Springfield Ave, Champaign, IL 61821, on a 0.75-acre lot (APN: 41-20-10-451-027).
(217) 352-7712 Call to check price and availability
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