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1106-1110 S Main Street

Lewistown, IL 61542
  • $350,000
  • STATUS: Active
  • ON SITE: 2018 Days
  • ID#: PA1207552
UPDATED: 23 min ago
$350,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

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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© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2025-02-10T11:45:01.337.
www.ashleycoker.com/homes/97558777
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1106-1110 S Main Street Lewistown, IL 61542

  • Price: $350,000
  • Status: Active
  • On Site: 2018 Days
  • Updated: 23 min ago
  • ID#: PA1207552
0
Beds
0
Baths
0
½ Baths
0.38
Acres
1970
Built
Neighborhood:
Paar Area
County:
Fulton
Area:
Paar Area
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).
Exterior Features

Construction Materials BlockBrickSteel/ST FramSteel Siding Roof Rolled/Hot Mop

Interior Features

Building Area Total 1520 Cooling Central Air Flooring ConcreteTile/Vinyl Heating Forced AirGas

Property Features

Agent Owned No Financing Cash OnlyConventional Frontage Type City StreetCorner LotPaved 2Lane Lease Term Not Applicable Levels OneFree Standing Lot Size Dimensions 165 x 100.5 Possible Use Investment Security System YN Yes Sewer Public Sewer Sprinkler YN No Tax Annual Amount 4498.68 Tax Incentive1 In City LimitTIF District Tax Year 2023 Type Commercial Water Source City Water/Connected Zoning Commercial

Listing provided courtesy of Randy Mcmillen of RE/MAX Traders Unlimited: Cell: 309-338-2216.
© 2025 RMLS Alliance, LLC. All Rights Reserved.


© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2025-02-10T11:45:01.337.
 
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