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0 Beds
0 Baths

$1,600,000

2740 State Route 160, Highland IL, 62249

Price per sqftN/A
Built in2007
Property typeCommercial
Courtesy of Real Broker LLC, Darin Revermann Listing Contact: 630-423-5891

Overview

Pending

Listed Oct 26, 2026

Updated 9h ago

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.

Additional information

MLS® ID
26068361

Interior Features

Bedrooms
0
Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.5 Acres

Other Property Details

Taxes
$10,228
Tax Frequency
Annually

Listings courtesy of MARIS MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 1:31 PM UTC on 10/26/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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