For Sale
$450,000

700 State St Cassopolis, MI 49031

Profitable Laundromat, Excellent Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2,880 square foot storefront laundromat presents a lucrative investment opportunity in the thriving Cassopolis, Michigan market. Located on East State Street, this well-established business boasts strong cash flow and benefits from its prime location in the heart of the village. The property includes 43 washers, 26 dryers, two soap dispensers, a beverage machine, a snack machine, two TVs, and nine security cameras – all included in the asking price of $450,000. The building itself features a 5-ton air conditioner, a seven-year-old roof, natural gas, city sewer and water hookups. Conveniently situated on a 0.32-acre lot, the property offers ample parking with eight spaces. Operating seven days a week from 8:00 AM to 9:00 PM, this laundromat enjoys a significant competitive advantage, being the closest facility for ten miles. The surrounding area is popular, featuring several inland lakes, and Cassopolis is experiencing recent growth with the addition of new industries. This turnkey operation is ready for a new owner to continue its success. The property's strong financials, coupled with its ideal location and extensive equipment, make this a truly exceptional investment opportunity.

Highlights

  • $450,000 asking price for this 2,880 square foot storefront.
  • Located at 700 E State St, Cassopolis, MI 49031, on a 0.32-acre lot with 8 parking spaces.
  • Profitable laundromat business included in sale; features 43 washers and 26 dryers.
  • Building includes HVAC, a 7-year-old roof, and is connected to city utilities.
  • Prime location on main thoroughfare in Cassopolis, with the nearest competitor 10 miles away.

Property Details for 700 State St

Property type
Retail properties, Retail space
Square Feet
2,880 SF
Stories
1
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Cassopolis
County
Cass
State
Michigan
Latitude
41.9112046
Longitude
-86.003658

FAQs

What type of property is this?
Retail property - Profitable Laundromat, Excellent Cash Flow
Where is the retail 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.
What are key features of this property?
This property features: $450,000 asking price for this 2,880 square foot storefront.; Located at 700 E State St, Cassopolis, MI 49031, on a 0.32-acre lot with 8 parking spaces.; Profitable laundromat business included in sale; features 43 washers and 26 dryers.
How can I contact the broker?
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700 State St
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