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1106 S Main St
Lewistown, IL 61542

$350,000 USD

Storefront For Sale  •  3,816 SF

Property Details

  • Property Type Storefront
  • Total Building Size 3,816 SF
  • Lot Size 0.38 AC
  • Year Built 1970
0 Transit Score
32 Walk Score

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).  2023 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).

Property Flyers

Jessica Ball 309-363-2929 RE/MAX Traders Unlimited Commercial
Jessica Ball 309-363-2929 RE/MAX Traders Unlimited Commercial