2000 4Th St Sterling, IL 61081

This exceptional investment opportunity presents a well-established, highly profitable car wash and lube center located at 2000 E 4th St, Sterling, IL 61081. The property, situated on a 37,800 sq ft lot, boasts a 4,500 sq ft building constructed in 1990 and extensively renovated in 2019. The business includes a Valvoline Express Lube with two quick lube bays, a full basement with catwalks, a stock room, surveillance system, restrooms, and a customer waiting area. The 2019 renovation encompassed new equipment and building updates, while a new roof was installed in 2023. The lube bays are heated, and a new waste oil system was added in 2023. Operating hours are Monday-Friday 8am-6pm and Saturday 8am-4pm. The car wash features two PDQ Lazerwash 360 Touch Free in-bay automatics, four self-service bays, six vacuums, and a comprehensive surveillance system. A gas boiler powers the de-ice system. The car wash also includes a new Hamilton change machine and a Kleen Rite Vend It machine (installed in 2020), and the 24/7 bays have been upgraded with LED lighting. This mixed-use property is zoned B2 and enjoys a prime location on East Lincoln Hwy, benefiting from a daily traffic count of 15,000 vehicles. The asking price is $950,000, with a 14% cap rate and 100% occupancy. This is a truly turn-key operation with significant potential for continued growth and profitability. The property is offered for sale by owner.