Archive for Thursday, August 10, 2006

Bank purchases car wash

August 10, 2006

A Lansing business that opened in 1985 has a new owner.

MidAmerican Bank has purchased J&J Car Wash, 108 4-H Road.

Pete Payne, MidAmerican president, noted the bank was building a new, full-service bank branch nearby on the southern end of the Towne Center development and also owned other tracts of land in the immediate area. The car wash, he said, was a natural tract to pursue.

"We're not developers," Payne said. "We're bankers. But we'd like to see that corner be retail eventually."

That said, Payne noted there were no immediate plans to demolish the car wash, which was built and operated by John and Judie Stalter of Lansing. Since the sale, the car wash has been closed. Pylons block entrance to the business, but Payne said those may not last.

"I've had serious conversations with two people about operating it," Payne said this week. "I think something might happen next week."

John Stalter, in a 2005 interview, said he opened the car wash because he thought it would be an easy way to make money. Although the car wash business proved to be more work than he anticipated, he said he still preferred it to his previous work at a service station.

Meanwhile, Payne said work was progressing on the 4,316-square-foot MidAmerican Bank building going up nearby.

"It's coming along great," he said, noting he had received a construction update this week that showed work was on target for a January 2007 opening of the bank branch.

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