$ 120,000
-
$120,000
Price -
0.36
Acre
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About the Listing 652713253740 - 65130001665742
BUSINESS ONLY - NO REAL ESTATE: A rare and exceptional opportunity to acquire a fully operational, high-volume coin-operated laundromat business in Grand Rapids. Known as Eastern Avenue Coin Laundry, this well-established neighborhood facility features a robust, meticulously maintained commercial equipment inventory totaling 51 major assets, generating steady, reliable daily cash flow.The purchase price includes a comprehensive package of commercial laundry machinery: 22 heavy-duty Speed Queen washers (ranging from 60 lb multi-load heavy-duties to reliable 20 lb front-loaders and top-loaders) and 15 dryer bays (featuring Dexter and Speed Queen stack gas tumblers and high-capacity single-pocket units). Additional included income-generating and operational assets feature a dual-hopper bill changer, a retail ATM,soap and beverage/snack vending machines, a dedicated high-capacity tenant commercial water heater, heavy-duty folding stations, and on-site maintenance equipment. The business operates with trained on-site employees in place to ensure smooth daily management. The physical space is currently leased, with a favorable new lease structure available to be negotiated directly with the building owner at a competitive $1,500/month base rent, providing excellent long-term operating margins. Ideal for an experienced operator looking to expand their portfolio or an investor seeking a turnkey, cash-flowing business asset with great potential for increased revenues. Financials are available upon execution of a non-disclosure agreement. Act fast on this rare West Michigan commercial offering!
Listing Highlights for 1654 Eastern Ave SE
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2062
- Basement: Slab
- Other: Forced Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 118 * 125
- Roof:
- Others: Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $2,961
- Taxes w/Assessments: N/A
- Tax/Property ID: 411805304002
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1654 Eastern Ave SE Grand Rapids, MI 49507
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