Courtesy of: Darin Revermann, Real Broker LLC, revermanninc@gmail.com
Courtesy of: Darin Revermann, Real Broker LLC, revermanninc@gmail.com
$1,600,000
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Lot: 0.50 Acres
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Other
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$1,600,000
2740 State Route 160 EXCEPTIONAL COMMERCIAL INVESTMENT OPPORTUNITY - Two-location self-service car wash portfolio offered at $1, 600, 000 in Highland, Madison County, Illinois. Splish Splash Auto Bath features 15 total wash bays across two fully operational, turnkey facilities: 134 Wood Crest Drive (9 self-service bays + 1 touchless automatic wash, 5, 292 SF, built 2018) and 2740 State Route 160 (4 self-service bays + 1 touchless automatic wash, 3, 012 SF, built 2007). Combined 8, 304 SF of brick masonry construction on 0.78 total acres with public water and sewer - buyer acquires fee simple ownership of all real estate, equipment, and business. Both locations are fully operational with an established customer base and immediate day-one cash flow. THREE YEARS OF IRS-VERIFIED FINANCIALS AVAILABLE: 2025 gross revenue $358, 789 - highest year on record - with an adjusted net operating income of $187, 976, reflecting an exceptional 11.75% cap rate at the asking price. Three-year average adjusted NOI of $147, 742 (2023-2025) supports a 9.23% cap rate. 2026 year-to-date revenue through July 31 is $221, 643, annualizing at $379, 959 and tracking in line with 2025's record performance. The self-service model runs largely unattended with minimal staffing requirements, strong equipment depreciation benefits, and consistent year-round demand. Properties are 1031 exchange eligible.
Courtesy of: Darin Revermann, Real Broker LLC, revermanninc@gmail.com
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