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Former Car Wash | Bank Owned | Potential Redevelopment

2337 Washington Road, Washington
The Essentials
Available:
Nov 04, 2024
Status:
Sold
Size:
3,600 sq.ft.
Lot Size:
0.57 acres
Real Estate Taxes (2023):
$4,090
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CLOSED--NOT CURRENTLY OPERATING self-service car wash with four (4) self-service bays and one (1) automatic wash, with two (2) vacuum cleaner systems that have been removed.  It sits at the corner of Washington Road/IL-8, a main thoroughfare and a residential street, Briargate Road.  There is one curb cut, ingress/egress point on Washington Road/IL-8 and two separate points of ingress and egress on Briargate Road.  

 

The property was built in 1965 and remodeled by the last owner around 2018.  The automatic car wash was added near this time.  It has a slab foundation, block built with a metal/steel roof, and a vinyl veneer exterior.  The property has good access and a large parking lot for the size of the building.

 

When operating, the property had Gross Revenue of $105,000 and Net Income of $35,000.

 

The owner has closed off one of the units for storage.  Each garage is approximately 450 sq.ft. and could be rented out as separate storage spaces.  The entire property could be redeveloped for other commercial use.  

 

Highlights

Enterprise Zone: The property is situated in the Northern Tazewell County Enterprize Zone.  The Zone has placed an emphasis on commercial retention and expansion as well as industrial development.  More information can be found here:

https://www.ci.washington.il.us/topic/index.php?topicid=19&structureid=16

 

  • Bank Owned Property
  • Equipment condition unknown
  • No Power

Listing Agents

Meghan O'Neal-Rogozinski, CCIM
Owner and Commercial Real Estate Broker
[email protected] (309) 532-1808
Michael O'Neal
Commercial Real Estate Broker
[email protected] (309) 530-3591

Highlights

Enterprise Zone: The property is situated in the Northern Tazewell County Enterprize Zone.  The Zone has placed an emphasis on commercial retention and expansion as well as industrial development.  More information can be found here:

https://www.ci.washington.il.us/topic/index.php?topicid=19&structureid=16

 

  • Bank Owned Property
  • Equipment condition unknown
  • No Power