CAR WASH

SaleRetail 7,680 SF
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2208 W Springfield Ave
Champaign, IL 61821
Price: $1,350,000.00
Building Size: 7,680 SF
Zoning: CG- Commercial General
Tax PIN: 41-20-10-451-027
RE: $21,348.98

Documents

Property Description

The subject property is a twelve bay self-service car wash. Located in the middle of the building is storage, mechanical/maintenance room and one restroom. The building is a block building constructed in 1979 and totals 7,680 SF. The building has 3-Phase, 600 amp service. There may be a need for a cross-access parking agreement with 2206 W. Springfield next door to the east.

*Six of the twelve bays were not operable in 2023. All twelve bays will be operable by the end of June 2024.

This property can also be purchased along with 2206 W. Springfield Ave.

NOI:

2023- $102,913*

2022- $192,711

2021- $198,209

Area Description

The subject property is located along west Springfield Avenue and just west of Country Fair Drive. Springfield Avenue is an arterial road and has a traffic count of 16,200 vehicles per day
at this location. The area is a mixture of retail/office and multifamily use. National retailers in the area are Burger King, Taco Bell, Papa Johns, Dunkin Donuts, Circle K and regional banks
like Busey and Heartland Bank & Trust.

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