Property profile

1004 W Eldorado St Decatur, IL 62522

FOR SALE
Showrooms
Property ID
US28-4259311
0.25 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 0.25 ac (10,960 SF)
Zoning code MUNICIPAL
APN 04-12-14-205-005
UPID US28-4259311

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Painting Service General Contractor
  • Car Wash

Location

1004 W Eldorado St Decatur, IL 62522
Decatur metro Census 200 DECATUR, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2022
Last sale
$75,000
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2021
$75,000
2021
Price N/A
2018
$850,000
2018
Price N/A

Zoning & alternative use

MUNICIPAL · Decatur, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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