1106-1110 MAIN Street, Lewistown, IL, 61542
1106-1110 MAIN Street, Lewistown, IL, 61542Basics
- Date added: Added 4 weeks ago
- Category: Commercial
- Type: Commercial Sale
- Status: Active
- Lot size: 16582.5 sq ft
- Year built: 1970
- ListOfficeName: RE/MAX Traders Unlimited
- LeaseTerm: Not Applicable
- ListAOR: rmlsa
- MLS ID: RMAPA1207552
Description
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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).
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Location
- CountyOrParish: Fulton
- Directions: South Main to 1106 & 1110 S. Main Street-Across From Ipava State Bank.
Building Details
- NewConstructionYN: No
- Heating: Forced Air, Natural Gas
- Exterior material: Block, Brick, Steel Frame
- Roof: Rolled/Hot Mop
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
