For Sale
$450,000

700 State St Cassopolis, MI 49031

Profitable Laundromat, High Cash Flow, Excellent Location

Overview

Added:
Feb 3
Days on market:
84
This exceptional business opportunity presents a thriving laundromat situated in the heart of Cassopolis, MI, on a main thoroughfare. The 2,880 square foot building boasts a strong cash flow and is ideally positioned to capitalize on the growing community. The sale includes all equipment: 43 washers, 26 dryers, two soap dispensers, a beverage machine, a snack machine, two televisions, and nine security cameras. The building itself is well-maintained, featuring a recently replaced (7-year-old) roof, a 5-ton air conditioner, and utilizes natural gas, city sewer, and city water. Operating seven days a week from 8:00 AM to 9:00 PM, this laundromat enjoys a significant competitive advantage, with the nearest alternative located a full 10 miles away. The surrounding area is attractive, featuring several popular inland lakes, and Cassopolis itself is experiencing a period of growth and development with the addition of several new industries. This presents a unique opportunity to acquire a profitable, established business in a vibrant and expanding community. The 0.23-acre lot provides ample space for the existing operation and potential future expansion. This turnkey operation is ready for a new owner to step in and continue its success.

Property Details for 700 State St

Property type
Investment properties
Square Feet
2,880 SF
Year Built
1980
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Cassopolis
County
Cass
State
Michigan
Latitude
41.91122
Longitude
-86.00367

FAQs

What type of property is this?
Investment property - Profitable Laundromat, High Cash Flow, Excellent Location
Where is the investment property located?
The property is located at 700 State St Cassopolis, MI.
What is the asking price?
The asking price for this property is $450,000.
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700 State St
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