3550 South Lafountain St Kokomo, IN 46902
For Sale
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This well-maintained, fully operational car wash in Kokomo, Indiana, presents a prime investment opportunity. Built in 1971 with a 1985 addition, the 3,818 square foot facility sits on a 0.59-acre lot and features a tunnel-style car wash with top-of-the-line equipment, including a 2020 Dry-n-Shine machine, rocker wraps, wheel blasters/rim cleaners, and tire shine. A durable dog bone chain conveyor system ensures efficient operation. Two drive-thru bays offer full-service interior cleaning, complemented by a customer lounge and restroom. The interior vacuum system is well-maintained and highly efficient. The building boasts sturdy wood frame and concrete block construction with metal and wood siding and a metal roof. Employee amenities include a lounge, office with restroom, and a separate employee restroom. A POS/tunnel control area and equipment/utility room are also included. A prominent advertising sign enhances visibility. The property includes an RO water tank. This established business benefits from a high-traffic location and a loyal customer base, offering significant growth potential. Priced at $625,000.
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Marie's Car Wash Inc. Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.