For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
Derived from the Kokomo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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