Owner/User Car Wash | Montgomery, IL | Chicago MSA
0.52 Acre Lot
Marketing description
For registration requirements and regulations, please review here or contact Alex Orth | 949-500-9409 | [email protected].
Montgomery Carwash at 602 Montgomery Rd, Montgomery, IL 60538 presents a compelling owner/user opportunity to acquire the business, building, and underlying real estate in one offering. Situated on ±0.52 acres and improved with a ±2,012 SF facility built in 2001; this established car wash is designed for strong consumer appeal and efficient operations. The property features 5 total bays, including 3 self-service bays and 2 touchless in-bay automatic bays, plus 5 vacuum stations and vending income for added revenue potential. Recent upgrades include cash and credit acceptance in all 5 bays, updated water lines and valves, replaced equipment room wiring, and new vacuum systems. Positioned along Montgomery Rd with exposure to approximately ±12,600 vehicles per day, the site benefits from excellent visibility and convenient access. Its location next to a laundromat supports repeat, convenience-driven traffic and multi-stop customer visits. The surrounding area boasts approximately 119,061 residents within 3 miles and average household income of $111,564, offering a strong customer base. Open 24/7 and located within the greater Chicago MSA, this is a rare chance to acquire a renovated, income-producing car wash in a growing suburban market.
· Non-Contingent
· Earnest Money Deposit is Greater of $20,000 OR 10% of the Purchase Price
· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
· $10,000 Participation Deposit
· Close of Escrow: June 30, 2026
Investment highlights
- Owner/User Opportunity: Opportunity to acquire the business, building, and underlying real estate
- Consumer Versatility: Montgomery Car Wash features 3 self-service bays and 2 touchless automatic bays, along with additional revenue streams from vacuums and vending.
- Traffic Exposure: The property benefits from strong visibility along Montgomery Rd, with traffic counts exceeding ±12,600 vehicles per day.
- Recent Improvements: All 5 bays have been upgraded to accept cash and credit, with updated water lines and valves, replaced equipment room wiring, and new vacuum systems installed.
- Convenience-Oriented Location: Positioned adjacent to a laundromat, benefiting from complementary traffic and multi-stop consumer behavior.
- Strong Demographic: Located within a 3-mile radius of approximately ±119,061 residents and an average household income of $111,564.
- Chicago MSA: Positioned within 42 miles of Chicago, providing access to a major metropolitan area.
- 24-Hour Operation: The property operates 24/7, providing consistent revenue generation and convenience for customers at all hours.
- Tax Benefits: Car washes qualifies for 100% bonus depreciation and accelerated depreciation, potentially enhancing investment returns *Please consult with CPA for details*
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