1714 Banker St, Effingham, IL 62401-2746
- Commercial real estate
- 1.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1714 Banker St
- Lot size
- 1.28 lot acres
- Property type
- Commercial real estate
- APN
- 03-11-029-006
- APU
- 311029006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 13, 2026 | — | Macs Convenience Stores LLC | True Blue Car Wash LLC | Deed | — |
| Mar 29, 2021 | — | Blue Car Wash LLC | — | Deed · related | — |
| Mar 8, 2021 | $2,800,000 | Store Master Funding Xii LLC | Effingham Express Carwash LLC | Special Warranty Deed | $2.8M · Citibank NA |
| Mar 15, 2019 | — | Effingham Express Carwash LLC | — | Deed · related | $2.3M · First Nations Bank |
| Feb 4, 2019 | — | Not Provided | Not Provided | Correction Deed · related | — |
| Sep 28, 2017 | — | Effingham Express Car Wash LLC | — | Deed · related | $2.3M · State Bank Of The Lakes |
| Aug 22, 2016 | $350,000 | Effingham Express Carwash LLC | James W Atteberry | Warranty Deed | $420k · State Bank Of The Lakes |
| Nov 24, 2015 | — | Stanley D Bahrns | Mid Illinois Concrete INC | Warranty Deed | — |
| Jan 6, 2015 | $4,750 | Mid Illinois Concrete INC | Atteberry Holdings LLC | Special Warranty Deed | — |
| Dec 26, 2012 | $335,000 | Atteberry Holdings LLC | Crossroads Bank | Special Warranty Deed | $285k · Crossroads Bank |
| Jan 27, 2012 | — | Crossroads Bank | Lonnie E Waymoth | Foreclosure · related | — |
Description
This exceptional investment opportunity presents a fee-simple interest (land and building) in a 4,900 square foot True Blue Car Wash, backed by Circle K, located at 1714 S Banker St, Effingham, IL 62401. The property boasts a 5.50% cap rate and a strong NOI of $224,299. Built in 2017, this absolute NNN leased car wash sits on a 1.28-acre lot with 35 parking spaces and benefits from annual rent increases throughout the initial term and each of the four (5-year) option periods. The property enjoys 100% occupancy and is situated in a high-traffic area with over 18,600 vehicles passing daily. Its prime location is less than four miles from a major retail corridor anchored by a large Walmart Supercenter and numerous national retailers, including Kohl's, Starbucks, and more. The surrounding area also features a strong concentration of national and local businesses, creating significant synergy and driving consumer traffic. The 5-mile trade area boasts a population exceeding 19,000 residents and 23,077 employees, with an average household income of $96,182. The property is zoned B-2 and has a total of seven years remaining on the lease, providing long-term stability and predictable income. This is a management-free investment with zero landlord responsibilities, making it an ideal addition to any passive investment portfolio. The asking price is $4,078,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,615,000
- ML approach
- $3,015,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Effingham
- County
- Effingham
- State
- Illinois
- Longitude
- -88.5463
- Latitude
- 39.1059
- CBSA code
- 20820
- CBSA name
- EFFINGHAM, IL MICROPOLITAN STATISTICAL AREA
