Properties

Property Description

Excellent investment opportunity for a car wash and laundromat combination, the ”Wash Zone,” located on State Route 24/S. Main Street in Lewistown, Illinois. This is the only car wash and laundromat in Lewistown (population 1,963). 2023 net operating income (NOI) was $69,630 for a nearly 19.8% 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), new boiler for carwash floor (2024), 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).

Features
: Gas, Forced Air
: Central Air
: Rolled/hot Mop
: Concrete, Tile/vinyl
Commercial
Address Map
US
IL
Fulton
Lewistown
MAIN
1106-1110
Street
0
W91° 50' 40.6''
N40° 23' 16.5''
South Main to 1106 & 1110 S. Main Street-Across From Ipava State Bank.
S
MLS Addon
RE/MAX Traders Unlimited
Randy
McMillen
$0
: Block, Brick, Steel Siding, Steel/st Fram
2028
: One, Free Standing
RMAPAP480952
RMAPAPRMAX
Active
18-19-27-146-007
: Public Sewer
$4,499
2023
[email protected]

Commercial Sale For Sale

1106-1110 MAIN Street, Lewistown, Illinois

16,582.50 Acre
$350,000
Listing ID #RMAPA1207552
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : RMAPA1207552
Price : $350,000
Year Built : 1970
Lot Size : 16,582.50 Acre
Lot Size Dimensions : 165 x 100.5
Property Sub Type : Commercial
Standard Status : Active
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