About This Home

This 0-bedroom, 0-bathroom commercial at 2740 State Route 160 in Highland, IL is listed for $1,600,000. Built in 2007, on a 0.50 acres lot.

Key Features

  • Built in 2007
  • 0.50 acre lot

Property Details

2007
Listing 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.

Monthly Cost Estimate

$8,557/mo

20% down · 6.5% · 30 years

Principal$1,157
Interest$6,933
Insurance$467

Estimates only. Actual payments may vary.

Location

2740 State Route 160

Highland, IL 62249

Maurice & Karen Korte 1st Sub

Property Details

Construction

Block

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2740 State Route 160 is listed at $1,600,000. The estimated monthly payment is $8,557 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2007, 0.50 acre lot.

This property is listed by Darin Revermann.

DR

Darin Revermann

Agent at Real Broker, LLC

Listed by Real Broker, LLC · Broker phone: (855) 450-0442 · Broker website

MLS# 26068361· Source: Mid America Regional Information Systems, Inc.· 4 days on PropertySimple

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2740 State Route 160, Highland, IL 62249

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