Homes for sale - 1106-1110 S MAIN ST, Lewistown, IL 61542

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Kyle Robinson

kylerobinson@epique.me +1(563) 505-1806

Listed by RandyR McMillen • RE/MAX Traders Unlimited

$ 350,000

Est. payment | -/mo

1,520 SqFt

Save

$ 350,000

Est. payment | -/mo

Save

1,520 SqFt

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

Originating Board rmlsa

Year Built 1970

Annual Tax Amount $4,498

Tax Year 2023

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 165 x 100.5

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

Direction South Main to 1106 & 1110 S. Main Street-Across From Ipava State Bank.

Interior

Heating Forced Air, Gas

Cooling Central Air

Flooring Concrete, Tile/Vinyl

Fireplace N

Exterior

View true

Roof Type Rolled/Hot Mop

Garage 1

Building

Faces South Main to 1106 & 1110 S. Main Street-Across From Ipava State Bank.

Sewer Public Sewer

Water City Water/Connected

Structure Type Block,Brick,Steel/ST Fram,Steel Siding

Others

Tax ID 18-19-27-146-007

Security Features Yes

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Kyle Robinson

Team Leader | License ID: S6239700 | 47516300

+1(563) 505-1806 | kylerobinson@epique.me

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1106-1110 S MAIN ST Lewistown, IL 61542

Kyle Robinson

Key Details

Location

Interior

Exterior

Building

Others

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1106-1110 S MAIN ST