700 State StCassopolis, MI 49031

Property Details for 700 State St

Lot size

0.23 AC

Property type

Commercial real estate

APN

14-041-196-001-00

APU

1404119600100

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,017,526

  Hospitality

  $1,848,043

  Educational

  $1,537,550

  Medical

  $1,590,429

  Retail

  $2,391,745

Location Insight

City

Cassopolis

County

Cass

State

Michigan

Latitude

41.9113

Longitude

-86.0037

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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