104 Central StSpringfield, MN 56087

Property Details for 104 Central St

Year built

1930

Property size (Sq ft)

1,984 SF

Property type

Self service car washes

APN

003.020.004.09.090

APU

302000409090

Description

This exceptional investment opportunity presents a well-established car wash and laundromat located at 104 W Central Street in Springfield, Minnesota. The property boasts a combined operational area of 1,984 square feet, situated on a conveniently sized 0.18-acre lot. This turnkey business is ready for immediate operation, offering a significant return on investment for the discerning buyer. The existing infrastructure is in place, eliminating the need for extensive renovations or upgrades, allowing for a seamless transition to new ownership. The property's prime location in Springfield ensures high visibility and consistent customer traffic, contributing to its proven profitability. Financial records are available upon request, providing detailed insights into the business's performance and revenue streams. This is an ideal acquisition for an investor seeking a stable, income-generating asset in a thriving community. The sale includes all existing equipment and fixtures, making this a truly turnkey operation. The property is priced competitively at $119,900, representing an excellent value for a business with a demonstrated history of success. Serious inquiries are encouraged to explore this unique opportunity further. Don't miss out on this chance to own a profitable and established business in a desirable location. Contact us today to schedule a viewing and learn more about this exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $480,085

  6.5%

  $443,155

  7%

  $411,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $255,184

  Geo Method

  $255,184

• Alternative Use

  Use

  Valuation

  Residential

  $373,818

  Hospitality

  $342,415

  Educational

  $284,885

  Medical

  $294,683

  Retail

  $443,155

Location Insight

City

Springfield

County

Brown

State

Minnesota

Latitude

44.2392

Longitude

-94.978

CBSA code

35580

CBSA name

NEW ULM, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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