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CAR WASH 2208 W Springfield Ave 7,680 SF Vacant Retail Building Champaign, IL 61821 $825,000 ($107.42/SF)
Executive Summary
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 and part of 2024. All twelve bays were operable as of August 2024.
This property can also be purchased along with 2206 W. Springfield Ave.
NOI:
2024- $108,346*
2025- $81,604
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 and part of 2024. All twelve bays were operable as of August 2024.
This property can also be purchased along with 2206 W. Springfield Ave.
NOI:
2024- $108,346*
2025- $81,604
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,680 SF
Year Built
1979
Price
$825,000
Price Per SF
$107.42
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.24
Lot Size
0.73 AC
Zoning
CG - Commercial General
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 412010451027 | Improvements Assessment | $116,130 |
| Land Assessment | $175,530 | Total Assessment | $291,660 |
Property Taxes
Parcel Number
412010451027
Land Assessment
$175,530
Improvements Assessment
$116,130
Total Assessment
$291,660
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CAR WASH | 2208 W Springfield Ave