Property profile

618 Mt Vernon St Metamora, IL 61548

OFF-MARKET
Car washes
Property ID
US28-2117158
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This established car wash business in Metamora, Illinois, presents a compelling investment opportunity. The 1,600 square foot facility, built in 1991, features a concrete block foundation and steel roof, ensuring durability. The property includes three bays: two manual bays and one automatic touchless bay equipped with turbo nozzles. Two double vacuum stations are also available for customer use. The building boasts steel doors on the equipment room and metal roll-up doors on each bay, both front and back. Practical features include a heated concrete apron (10-15 feet) in front and back of the automatic bay and smaller heated aprons (3-4 feet) for the manual bays. These heated aprons help prevent ice formation during winter months. The concrete floors incorporate a plastic tubing system for antifreeze delivery, further enhancing winter operation. A comprehensive security system with eight cameras is in place. The property is zoned C3 and is situated at 618 W Mt Vernon St, Metamora, IL 61548. The asking price is $450,000.

Property profile

Verified
Property type Car washes
Use group CAR WASH
APN 09-19-210-007
UPID US28-2117158

Cap rate & NOI

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

Location

618 Mt Vernon St Metamora, IL 61548-9822
Metamora metro Census 30400 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$295k

Owner & transaction history

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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