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21107758
21107766

1106 S Main St, Lewistown, IL 61542

RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
Listed by RE/MAX Traders Unlimited
$330,000
523 days on market
Updated 8 days ago

1106-1110 S. Main Street

Details
APN 18-19-27-146-007
Property Type Business for Sale, Mixed Use (+2)
Sub Type Business and Building, Car Wash (+1)
Square Footage 3,816
Units 2
Cap Rate 21.97%
NOI $72,492
Tenancy Multi
Price per SqFt $86
Buildings 2
Stories 1
Acreage 0.380
Investment Type Owner/User

Laundromat & Car Wash for Sale

Marketing description

Excellent investment opportunity for a car wash and laundromat combination, the "Car Zone,” located on State Route 24/S. Main Street in Lewistown, Illinois. This is the only car wash and laundromat in Lewiston (population 1,963). 2024 net operating income (NOI) was $72,492 for a nearly 20% CAP rate. Traffic counts at this corner are 7900 per day. Carwash has 1 automatic bay and 3 manual wash bays. Sellers have operated this business for 12 years and are ready to retire - sellers average 8-10 hours per week maintaining the property. Updated features include: energy efficient boiler in carwash floor (2019), automatic car wash (2015), reverse osmosis (2019), water softener (2017), energy efficient windows (2013), laundromat water heater (2013), 10 front loading washing machines (2012), exterior of buildings painted (2015), new "pay stations" for car wash (2022), and asphalt parking lot resurfaced (2022).

Listing Contacts

RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
Listed by RE/MAX Traders Unlimited

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,492.00
$6,041.00/mo

Valuation Metrics

0
DSCR
21.97%
Cap Rate
21.97%
ROI

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