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Active
$200,000
/mo Edit
Commercial:  Business Opportunity
Built 1960
0.62 acres
North St Paul-Maplewood schools
MLS# 6765727
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    Property Description

    No water or sewer bill makes this Maplewood laundromat a rare and cost-efficient opportunity you don’t want to miss. The business has been a staple in the community for over 30 years, serving generations of loyal customers. This sale is for the business only. Real estate is not included. Located on a busy street with excellent visibility and 9 years remaining on the lease, this turnkey operation offers immediate cash flow and long-term stability. The laundromat comes fully equipped with 20 high-capacity washers, 22 dryers, 2 change machines, 1 pop machine, 5 folding tables, and 6 laundry carts. The equipment is in good condition and ready to handle consistent demand with plenty of room to grow. The area is booming with new apartment developments across the street and just blocks away, bringing in a steady stream of new and returning customers. There's strong potential to expand services by adding wash and fold, pickup, and delivery options. A custom app and website, built specifically to support pickup and delivery services, are available and can be negotiated as part of the sale. This gives the next owner a modern digital platform to increase revenue and compete in the evolving laundry service market.This is a fantastic opportunity for an owner-operator or investor to acquire a proven business in a growing neighborhood. All machines, leasehold improvements, and business goodwill are included. Real estate is not included.

    Listing

    Contingency: None
    City: Maplewood
    County: Ramsey
    State: MN
    Property Style: Business Opportunity
    Zip Code: 55109
    Subdivision Name: Gladstone, Ramsey Co, , Minn

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 8
    Foundation Size: 1,200 ft2
    Handicap Accessible: Fully Wheelchair
    Heating System: Boiler
    Parking Features:
    • Parking Lot
    • Unassigned
    Exterior Material: Brick/Stone

    Lot & Land

    Acres: 0.62
    Geolocation: 44.999607, -93.044823
    Inclusions: Business Assets, Business, Fixture/Equipment, Inventory, Leases
    Lot Dimensions: .620
    Zoning: Business/Commercial

    Schools

    School District: 622
    District Phone: 651-748-7410

    Expenses

    Annual Insurance Expense: $1,821
    Annual Gross Expense: $13,908
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Fuel, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: None
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $19,636

    Income

    Annual Gross Income: $62,400

    Rent

    Annual Net Income: $35,412

    Units

    Total Units: 1

    Miscellaneous

    Current Use: Laundromat
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: Well

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Keller Williams Premier Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.