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2208 W Springfield Ave
Champaign, IL 61821
CAR WASH · Retail Property For Sale
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- $75,000-$80,000 Projected based on current performance
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- $75,000-$80,000 Projected based on current performance
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,680 SF
Year Built
1979
Price
$1,136,685 CAD
Price Per SF
$148.01 CAD
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.24
Lot Size
0.73 AC
Zoning
CG - Commercial General
PROPERTY TAXES
| Parcel Number | 412010451027 | Improvements Assessment | $143,181 CAD |
| Land Assessment | $216,418 CAD | Total Assessment | $359,598 CAD |
PROPERTY TAXES
Parcel Number
412010451027
Land Assessment
$216,418 CAD
Improvements Assessment
$143,181 CAD
Total Assessment
$359,598 CAD
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