5740 Merle Hay Rd., Johnston, IA

Others for Sale - 2,484 Sq. Ft. on 0.58 acres


Agent Info

Johnston Car Wash

Property Info

CIMLS#1182667
Location
  5740 Merle Hay Rd.
  Johnston IA 50131
UpdatedOctober 14th, 2025
TypeOthers
PriceUpon Request
Building2,484 Sq. Ft.
Land0.58 acres

Property Description

Located in the heart of Johnston’s primary commercial corridor, this property offers a rare blend of income-producing use and future redevelopment potential.

The car wash features (3) self-serve bays and (2) touchless automatic bays, operating on a 0.58± acre parcel immediately adjacent to Hy-Vee, one of Iowa’s most visited grocery brands. Customers access the site conveniently through the Hy-Vee parking field, ensuring consistent visibility to thousands of weekly shoppers.

While the current operation is older, the equipment is fully functional, and recent owner investments have restored key systems. For operators, the property offers a low-labor model with dependable winter peaks and upside through modest capital improvements (such as LED lighting, signage). For investors and developers, the PUD zoning and premier location provide a long-term covered-land play in a retail node with exceptional fundamentals.

Property Highlights:

Hy-Vee–Anchored Location – Located directly adjacent to Hy-Vee and --Village Square Mall, benefiting from consistent daily traffic and grocery trips.

-Five Total Bays – Includes (3) self-serve bays and (2) touchless automatic bays; all equipment fully operational per seller.

-0.58± Acre PUD Site – Zoned for flexible commercial use, allowing current operation or future redevelopment into retail, coffee, medical, or service pad.

-High Traffic Corridor – Merle Hay Road averages 18,500–20,500 vehicles per day (IDOT, 2023), connecting Johnston and Des Moines suburbs.

-Turnkey or Value-Add Opportunity – Priced below replacement cost with immediate upside through low-cost cosmetic updates and signage.

-Winter-Season Uplift – Iowa’s climate produces consistent winter wash demand, stabilizing annual cash flow.


Financials