New Listing
2740 State Route 160,Highland, IL 62249
Highland, IL 62249
Description
EXCEPTIONAL COMMERCIAL INVESTMENT OPPORTUNITY - Two-location self-service car wash portfolio offered at $1,600,000 in Highland, Madison County, Illinois. Splish Splash Auto Bath features 15 total wash bays across two fully operational, turnkey facilities: 134 Wood Crest Drive (9 self-service bays + 1 touchless automatic wash, 5,292 SF, built 2018) and 2740 State Route 160 (4 self-service bays + 1 touchless automatic wash, 3,012 SF, built 2007). Combined 8,304 SF of brick masonry construction on 0.78 total acres with public water and sewer - buyer acquires fee simple ownership of all real estate, equipment, and business. Both locations are fully operational with an established customer base and immediate day-one cash flow. THREE YEARS OF IRS-VERIFIED FINANCIALS AVAILABLE: 2025 gross revenue $358,789 - highest year on record - with an adjusted net operating income of $187,976, reflecting an exceptional 11.75% cap rate at the asking price. Three-year average adjusted NOI of $147,742 (2023-2025) supports a 9.23% cap rate. 2026 year-to-date revenue through July 31 is $221,643, annualizing at $379,959 and tracking in line with 2025's record performance. The self-service model runs largely unattended with minimal staffing requirements, strong equipment depreciation benefits, and consistent year-round demand. Properties are 1031 exchange eligible.
Details
| MLS # | 26068361 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2007 |
| Days On Site | 6 |
| Listing Provided By | Real Broker LLC | Darin Revermann |
Features
| Building(s) | 1 |
|---|---|
| Acreage | 0.50 |
Exterior
| Construction Materials | Block |
|---|
Utilities
| Electric | Ameren |
|---|
Taxes
| Property | 10228 |
|---|
Area Information
| State | IL |
|---|---|
| County | Madison |
| City | Highland |
| Zip Code | 62249 |
| Community Name | Maurice & Karen Korte 1st Sub |
| Listing VS Median (in Maurice & Karen Korte 1st Sub) | |
Price: $1,600,000 low | high Med: $0 On site: 6 low | high Med: | |
Market Activity 62249
Request a showing
Request a showing
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 1, 2026 at 4:39:01 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Madison |
| City | Highland |
| Zip Code | 62249 |
| Community Name | Maurice & Karen Korte 1st Sub |
| Listing VS Median (in Maurice & Karen Korte 1st Sub) | |
Price: $1,600,000 low | high Med: $0 On site: 6 low | high Med: | |