Successful laundromat with attached tanning salon and living quarters on site!
901 Cedar Ave.
Iron Mountain, MI 49801
FOR SALE
Property Type:
Free Standing BuildingAmount:
$365,000
Cap Rate:
0.00%Last Verified:
Sep 26, 2023
Business and property investors; here's your chance to own a well-known business with attached living quarters/rental unit (currently rented)! Midtown Laundromat includes 15 front load washers, 15 top load washers, 24 dryers, restrooms, 2 tanning beds, and a popular and successful drop-off service that includes area resorts as clients. There's a separate commercial unit with 4 offices, waiting room, and attached finished garage as well. This 8,000 sq ft building with a newer heat exchanger (2020) sits on over a quarter of an acre lot adjacent to Walgreens and Wendy's restaurant plus very close to plenty of short-term and long-term rental housing. Successfully owned and operated for over a decade, this business is very well-established but has many more opportunities for the entrepreneur.