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).
The median home value in Lewistown, IL is $105,000. This is higher than the county median home value of $91,100. The national median home value is $338,100. The average price of homes sold in Lewistown, IL is $105,000. Approximately 58.76% of Lewistown homes are owned, compared to 23.31% rented, while 17.93% are vacant. Lewistown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lewistown real estate agent to arrange a tour today!
Lewistown, Illinois has a population of 1,812. Lewistown is less family-centric than the surrounding county with 21.38% of the households containing married families with children. The county average for households married with children is 24.56%.
The median household income in Lewistown, Illinois is $53,141. The median household income for the surrounding county is $53,441 compared to the national median of $69,021. The median age of people living in Lewistown is 41.8 years.
The average high temperature in July is 86.8 degrees, with an average low temperature in January of 15.4 degrees. The average rainfall is approximately 40.4 inches per year, with 22.9 inches of snow per year.