Renee Estes, Realtor
Renee Estes-Leading Agent Multiple Offer sales/ listings
REALTOR®, Realtor/ Broker
MLS#26068361
STATUSPending
PROPERTY TYPECommercial -
SUBDIVISIONMaurice Karen Korte 1st Sub
Property Description
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.
Property Features
Property Type: Commercial -
Lot Size: 0.50 Acres
Taxes: $10,228
Year Built: 2007
Feature Descriptions
Current Use: Car Wash
Days on Site: 7
Electric: Ameren
Exterior: Block
Parcel#: 02-2-18-33-00-000-040/02-2-18-32-15-401-002-014
Listed By / Shown By
Listed By
Agency Name: Real Broker LLC
Shown By
Agent Name: Renee Estes, Realtor
Agent Phone: (618) 791-1543
Agency Title: Strano & Associates
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2740 State Route 160 | MLS# 26068361
This commercial property located at 2740 State Route 160, Highland, IL 62249 is currently listed for sale with an asking price of $1,600,000. Search Highland real estate on www.shophouseswithrenee.com today.