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$ 1,100,000
Est. payment | /mo
$ 1,100,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Property Description
Take advantage of this opportunity to acquire a well-established laundromat along with the underlying real estate in a high-density Chicago neighborhood. This location benefits from a steady customer base driven by surrounding residential properties, making it a reliable, service-based business with consistent demand.
The facility offers approximately 4,300 square feet of operating space, allowing for an efficient layout with a full range of washer and dryer capacities designed to serve both everyday users and larger-load customers. The business operates long daily hours, capturing early morning through late evening traffic.
The business demonstrates strong cash flow, with the added advantage of owning the real estate—providing long-term equity and stability.
🧺 Equipment & Operations
Diverse mix of washers and dryers (including large-capacity units)
Approximately 28 washers and 42 dryers
Card-based payment system already implemented
Majority of equipment updated within the past decade
Some machines currently offline — offering immediate income upside once restored
📍 Location & Market Position
Situated in a densely populated residential area, this laundromat benefits from:
High renter concentration
Consistent foot traffic
Repeat customer usage
Laundromats in similar markets are known for resilience across economic cycles, making this a dependable investment class.
🚀 Growth Opportunities
There is clear potential to enhance revenue through:
Repairing or replacing non-operational equipment
Introducing wash-and-fold or pickup/delivery services
Operational efficiencies and cost management
Modernizing systems or enhancing customer experience
📌 Investment Summary
This offering combines steady in-place income with future upside, anchored by real estate ownership. Ideal for an owner-operator or investor seeking a cash-flowing asset with tangible growth levers in a proven industry.
The facility offers approximately 4,300 square feet of operating space, allowing for an efficient layout with a full range of washer and dryer capacities designed to serve both everyday users and larger-load customers. The business operates long daily hours, capturing early morning through late evening traffic.
The business demonstrates strong cash flow, with the added advantage of owning the real estate—providing long-term equity and stability.
🧺 Equipment & Operations
Diverse mix of washers and dryers (including large-capacity units)
Approximately 28 washers and 42 dryers
Card-based payment system already implemented
Majority of equipment updated within the past decade
Some machines currently offline — offering immediate income upside once restored
📍 Location & Market Position
Situated in a densely populated residential area, this laundromat benefits from:
High renter concentration
Consistent foot traffic
Repeat customer usage
Laundromats in similar markets are known for resilience across economic cycles, making this a dependable investment class.
🚀 Growth Opportunities
There is clear potential to enhance revenue through:
Repairing or replacing non-operational equipment
Introducing wash-and-fold or pickup/delivery services
Operational efficiencies and cost management
Modernizing systems or enhancing customer experience
📌 Investment Summary
This offering combines steady in-place income with future upside, anchored by real estate ownership. Ideal for an owner-operator or investor seeking a cash-flowing asset with tangible growth levers in a proven industry.
Location
State IL
County Cook
Listed by Michael Kang • Spacematch Inc.
NEARBY SCHOOLS & PROPERTIES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States