1004 Eldorado StDecatur, IL 62521

Property Details for 1004 Eldorado St

Lot size

0.25 AC

Zone code

MUNICIPAL

Property type

Showrooms

APN

04-12-14-205-005

APU

41214205005

Description

This exceptional investment opportunity presents two well-maintained car washes in Decatur, Illinois, totaling 14 bays (8 and 6 bays respectively). Built in 2013, these properties boast a combined 4 automatic and 10 manual bays, strategically designed to maximize efficiency and customer flow. Car Wash 1 features a dedicated truck bay and conveniently located vacuums, while Car Wash 2 includes vacuums and a unique pet washing station, expanding service offerings and attracting a broader customer base. Both locations benefit from high traffic volume, making them ideal for owner-operators seeking expansion or investors pursuing a 1031 exchange. The asking price is $1,250,000. The properties are located at 1004 E Eldorado St, Decatur, IL 62521, and are identified by APN numbers 07-07-35-480-013 and 04-12-15-102-018. This turnkey operation offers a strong cash flow potential in a thriving market. The properties are classified as Business for Sale and Retail, with two units and two buildings. This represents a rare chance to acquire a well-established, high-performing asset with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,183,256

  6.5%

  $3,861,467

  7%

  $3,585,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,153,193

  Geo Method

  $2,153,193

• Alternative Use

  Use

  Valuation

  Residential

  $3,257,292

  Hospitality

  $2,983,662

  Educational

  $2,482,372

  Medical

  $2,567,744

  Retail

  $3,861,467

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8464

Longitude

-88.9432

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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