Laundry Mat and Carwash For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30747245
Property Subtypes: Car Wash, Mixed Use, Other
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Sale Price: $600,000
Unit Price: $300 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2021

Overview / Comments

Unique mixed use commercial property with two bay manual car wash and laundry mat in a TIF district. Property has been completely renovated. New concrete entry, extended overhang, 6 parking spots. 21 Newer Dexter front load washing machines and 11 newer dryers. 2100 gallon hot water heater for laundry mat. All new phase 3 electric, all new plumbing, and geothermal to heat flooring for car wash. Carwash was completely remodeled in 2014. On demand hot water for car wash. Spray foam insulation and pitched the roof in 2014. Conduit is run for a potential third bay wash. Car was also has new concrete and insulated walls. Over 400k in improvements.

Additional Details

Nearest MSA: Rochelle
County: Ogle
Tax ID/APN: 14-16-204-003
Retail Clientele: General
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Construction/Siding: Brick
Total Parking Spaces: 6
Parking Type: Surface
Heat Type: Geothermal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,223 3,079 3,795
Median Age: 40.59 42.26 42.99
Households: 952 1,271 1,554


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