1106-1110 S MAIN ST Active Save Request In-Person Tour Request Virtual Tour
Lewistown,IL 61542
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,520 sqft
Price per Sqft $230
MLS Listing ID PA1207552
Year Built 1970
Annual Tax Amount $4,498
Tax Year 2023
Lot Size 0.380 Acres
Property Sub-Type Commercial
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).
Location
State IL
County Fulton
Area Paar Area
Zoning Commercial
Interior
Heating Forced Air,Gas
Cooling Central Air
Flooring Concrete,Tile/Vinyl
Exterior
View true
Roof Type Rolled/Hot Mop
Building
Sewer Public Sewer
Water City Water/Connected
Structure Type Block,Brick,Steel/ST Fram,Steel Siding