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1106-1110 S Main Street Lewistown, IL 61542 Commercial - Business Active

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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).

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Available Sqft: 1520
Year Built: 1970

General Information

County: Fulton
Listed By:
RE/MAX Traders Unlimited
RMLSA
$330,000
Est. $2,163/mo
Active
SQUARE FEET1,520 MLS#PA1207552
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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1106-1110 S Main Street, Lewistown, IL 61542.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $330,000$330,000$330,000
Down Payment $66,000$11,550$82,500
Monthly Mortgage Amount $1,604$1,969$2,039
Taxes $459$459$459
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$145$0
Monthly Estimated Total $2,163$2,673$2,598

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