For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Friedman Real Estate and powered by RealINSIGHT Marketplace, 602 Montgomery Road in Montgomery, IL is a newly renovated, five-bay car wash offered via auction as a combined business and real estate acquisition. Built in 2001 on ±0.52 acres and zoned B-1, the facility features three self-service bays and two touchless automatic bays, supplemented by vacuum and vending income, and operates 24 hours a day, seven days a week. All five bays have recently been upgraded to accept cash and credit, with new vacuum systems, water lines, valves, and equipment room wiring installed. The property has a long-standing operating history, with historical net operating income ranging from the high $30,000s to low $50,000s annually, and car washes generally qualify for 100% bonus and accelerated depreciation, a potential benefit buyers should confirm with a CPA. Positioned on Montgomery Road with ±12,600 vehicles passing daily and adjacent to a complementary laundromat, the site sits within a dense, high-income Chicago-suburb trade area of roughly 93,000 residents and $110,000 average household income within three miles, about 42 miles southwest of downtown Chicago.
Due Diligence
Location
Located at 602 Montgomery Road along a corridor carrying ±12,600 vehicles per day, the car wash sits directly beside WashSmart Laundry and just minutes from Rush-Copley Medical Center and Phillips Park Golf Course. The site is about 40 miles southwest of downtown Chicago via I-88 and Route 25, with Aurora, Oswego, and Naperville retail corridors nearby.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
