321 Main StTiffin, IA 52340

Property Details for 321 Main St

Year built

2006

Lot size

0.19 AC

Property size (Sq ft)

2,370 SF

Property type

Self service car washes

APN

628430004

APU

628430004

Description

This exceptional investment opportunity encompasses a thriving 3-bay car wash and a separately leased 2200 square foot commercial space, currently operating as a restaurant, situated on a 0.59-acre lot at 321 & 331 Main Street, Tiffin, IA. The car wash boasts two manual bays and one fully automated bay, complemented by a dedicated pet wash area. The attached restaurant space offers significant rental income potential, and includes full access to an unfinished basement providing ample storage. This turnkey operation presents a unique blend of established income streams and future growth opportunities. The sale includes the land, buildings, and the car wash business itself

• CAP approach

  CAP return

  Valuation

  6%

  $932,088

  6.5%

  $860,389

  7%

  $798,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,608

  Geo Method

  $465,608

• Alternative Use

  Use

  Valuation

  Residential

  $725,770

  Hospitality

  $664,801

  Educational

  $553,107

  Medical

  $572,129

  Retail

  $860,389

Location Insight

City

Tiffin

County

Johnson

State

Iowa

Latitude

41.7065

Longitude

-91.6635

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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