Property summary
This exceptional investment opportunity presents two well-maintained car washes in Decatur, Illinois, totaling 14 bays (8 and 6 bays respectively). Built in 2013, these properties boast a combined 4 automatic and 10 manual bays, strategically designed to maximize efficiency and customer flow. Car Wash 1 features a dedicated truck bay and conveniently located vacuums, while Car Wash 2 includes vacuums and a unique pet washing station, expanding service offerings and attracting a broader customer base. Both locations benefit from high traffic volume, making them ideal for owner-operators seeking expansion or investors pursuing a 1031 exchange. The asking price is $1,250,000. The properties are located at 1004 E Eldorado St, Decatur, IL 62521, and are identified by APN numbers 07-07-35-480-013 and 04-12-15-102-018. This turnkey operation offers a strong cash flow potential in a thriving market. The properties are classified as Business for Sale and Retail, with two units and two buildings. This represents a rare chance to acquire a well-established, high-performing asset with significant growth potential.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
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Painting Service General Contractor
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Car Wash
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILZoning
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Zoning designation
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The district profile from the municipal source: what is on file for MUNICIPAL in Decatur, IL.
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Find the owner behind the property.
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