1106-1110
S
MAIN
Street
Lewistown,
IL
61542
CLS #PA1207552
$350,000
1520 Total Sq. Ft.
1520 Available Sq. Ft.
Available for Purchase.
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).
Listing Features
Type:
Land, Building, Business, Inventory, Sale/Lease Other
Zoning:
Commercial
County:
Fulton
Water/Sewer:
Public Sewer
Total Sq. Ft.:
1520
Year Built:
1970
Approximate Lot Size:
165 x 100.5
CAM $/Sq. Ft.:
0
Directions:
South Main to 1106 & 1110 S. Main Street-Across From Ipava State Bank.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.
This listing compliments of
Re/Max Traders Unlimited
Re/Max Traders Unlimited
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Last Updated on 1/21/2025 10:17:44 PM