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10620 S Vincennes Ave - Car Wash 4,000 SF Specialty Building Offered at $450,000 at a 24.44% Cap Rate in Chicago, IL 60643
Investment Highlights
- Turnkey car wash business with real estate included
- High-visibility location on busy corridor
- Opportunity to increase revenue through upgrades or added service
- Approx. $110,000 projected net income
- 4,000 SF building with functional layout
- Strong existing customer base with repeat traffic
Executive Summary
Positioned on a well-traveled corridor with excellent visibility, the property benefits from consistent traffic and repeat clientele. Ideal for an owner-user looking to step into a cash-flowing business or an investor seeking a high-yield asset with redevelopment potential.
Additional upside exists through modernization, service expansion, or repositioning of the site. Rare opportunity to acquire a fully equipped business with real estate in a growing area at a compelling price point.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
About 10620 S VINCENNES AVE , CHICAGO, IL 60643
Prime opportunity to acquire a fully operational car wash with real estate in a high-visibility Chicago location. This 4,000 SF property sits along a well-trafficked corridor, offering excellent exposure, easy access, and consistent customer flow. The offering includes the land, building, equipment, and established business, providing a true turnkey opportunity for an owner-operator or investor. With strong in-place income and additional upside through modernization or service expansion, this asset presents both immediate cash flow and long-term growth potential. The site layout and zoning allow for continued automotive use or future redevelopment, making it an attractive option for buyers seeking flexibility and value-add potential. Rare chance to secure a business-backed real estate investment at an accessible price point in a growing market.
Property Taxes
| Parcel Number | 25-17-113-060-0000 | Total Assessment | $103,250 |
| Land Assessment | $75,240 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $28,010 | Tax Year | 2025 |
Property Taxes
Presented by
10620 S Vincennes Ave - Car Wash
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