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    OFF-MARKET
    Land

    1106-1110 Main St, Lewistown, IL 61542

    Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-established car wash and laundromat combination situated on high-traffic Route 24 and S. Main Street in Lewistown, Illinois. The property, built in 1970, includes one automatic and three manual car wash bays, along with a laundromat featuring ten front-loading washing machines. Significant recent improvements enhance efficiency and profitability, including a new energy-efficient boiler (2019), an updated automatic car wash system (2015), reverse osmosis (2019), a water softener (2017), energy-efficient windows (2013), a new laundromat water heater (2013), and new pay stations (2022). The entire asphalt parking lot was resurfaced in 2022, and the exterior of the buildings were painted in 2015. The current owners have successfully operated this business for twelve years and are now retiring, presenting a unique chance for a new owner to capitalize on this established, profitable venture. The property is listed at $350,000 and offers significant potential as the only car wash and laundromat in Lewistown. This turnkey operation is ready for a new owner to continue its success and serve the Lewistown community. The property is located at 1106-1110 S Main Street, Lewistown, IL 61542.

    Property profile
    Verified
    Property type Land
    Year built 1970
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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