500 Washington St Oregon, IL 61061
- Commercial real estate
- 0.35 lot acres
Current Use by Public Records
- United States Postal Service / Post Office / Logistics Service
- Rock River Car Wash / Car Wash
Property Details for 500 Washington St
- Lot size
- 0.35 lot acres
- Property type
- Commercial real estate
- APN
- 16-03-282-014
- APU
- 1603282014
Description
This 1,600 square foot auto shop, located at 500 E Washington Street in Oregon, Illinois (zip code 61061), presents a compelling investment opportunity. Situated on the heavily trafficked Route 64, this single-story building boasts excellent visibility and accessibility. The property includes one automatic car wash bay, two manual wash bays, and three high-powered vacuum stations, providing a comprehensive car cleaning service. The 0.351-acre lot offers potential for expansion or further development. The property is zoned Commercial (Commr) and is currently operating as a turnkey business, presenting immediate income potential. Features include air conditioning. While the property is being sold as a foreclosure, it is well-maintained and offers significant potential for growth and increased profitability. This is an ideal acquisition for investors seeking a strong return on investment or entrepreneurs looking to establish a thriving business in a high-traffic location. The property is being sold as-is.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oregon
- County
- Ogle
- State
- Illinois
- Longitude
- -89.3195
- Latitude
- 42.0148
- CBSA code
- 40300
- CBSA name
- ROCHELLE, IL MICROPOLITAN STATISTICAL AREA
