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Earlville, IL - Car Wash

704 Rave Ave. - Earlville, IL

Description

This established car wash with “touchless” automatic bay wash and two additional self-service bays requires no deferred maintenance. All credit card or cash operated with no attendant requirement. Open for business 24/7! This property is well built and maintained showing pride of ownership.

Don’t miss this opportunity to take advantage of a car wash business with no other commercial car washes within a 14-mile radius.

 HIGHLIGHTS:

  • $25,300 (2018) Net Operating Income
  • Turn-key car wash
  • Profitable
  • 1 Touchless automatic bay
  • 2 Manual bay washes
  • 3 Vacuum stations
  • Area: 38,013 Sq. Ft.
  • 35,719 sq. ft. lot
  • Development land north of car wash included
  • 2 Manual bay washes
  • 3 Vacuum stations
  • Area: 38,013 Sq. Ft.
  • 35,719 sq. ft. lot
  • Development land north of car wash included
  • Vending machines, bill changer, auto cashier, and credit cards in all bays
  • Heat under the floor heating in wash bays

Why Buy This Property

Impeccably Maintained •Terrific Location • Great Demographics • Great Opportunity

The NOI in 2018 was $25,300 and has been in this range consistently!

Profitable - It is extremely rare to find a profitable, income producing car wash opportunity ready for taking over the day you close.

Turn-key Car Wash – The car wash is operating and ready for its new owner to take over at closing.

Location – This location is ideal for a number of reasons one being that the closest competing commercial car wash is located 15 miles away. Opportunity for the Astute Buyer – This location profitable.

Expansion – The land north of the building with frontage on Union Street has yet to be developed and offers the buyer many opportunities.

It is extremely rare to find the right investment with proven cash flow.  This property is perfect for a first-time owner or owner of multiple car wash investment locations.

Don't miss this opportunity to join others successful in the self-service car wash industry.

Property Location

Auction / Date / Time

Sealed Bid Auction
August 14, 2019 2:00 P.M. CDT

Property Video

Offering Strategy

MINIMUM BID $185,000! - This property will be sold subject to the Minimum Bid and the Terms of Sale. This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and wire-tranferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.

Inspection Dates

The property is available for inspection by appointment only on July 30, August 6.  Registration and government-issued identification required at each property viewing.

Please do not contact the Seller or enter the property at other times without permission.

Auction Location

Sealed Bid Auction- Bids are to be delivered to Michael A. Fine, CCIM c/o Fine & Company LLC, 899 Skokie Blvd., Suite 100, Northbrook, IL 60062 for due on or before 2:00 p.m. Local Time on August 13th. For bidding requirements see the Terms of Sale and the Purchase and Sale Contract included in the Bidder's Information Packet.

Details

Certified Funds To Bid : $10,000

Buyer's Premium (Buyer's Fee) : 10% of the high bid

ON-LINE BIDDING INFORMATION & REGISRATION

This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and wire-transferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.

Contact Us

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Other Information

Licensing : Fine & Company LLC, Licensed Illinois Broker

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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