CONTRACT PENDING! Laundromat & Building North-East Area, Chicago, IL
LAUNDROMAT & BUILDING North-East Area, Chicago ASKING $1,175,000 FOR BUSINESS AND BUILDING Step into immediate cash flow with this turnkey laundromat asset opportunity in Chicago's thriving Northeast corridor. You'll gain control of a fully operational 2,800 sq. ft. facility that generates consistent revenue from day one, eliminating the lengthy startup phase most businesses require. Your investment delivers multiple income streams: 45 modern washers (20# to 80# capacity) and 38 dryers ensure maximum customer throughput during peak hours. The established service bar generates additional profit margins through soap and snack sales, while experienced staff already provide profitable drop-off services that command premium pricing. This standalone building with 3,000 sq. ft. private parking eliminates common laundromat challenges - no landlord dependencies, no parking constraints that limit customer access, and no shared utility concerns. The new HVAC system and recent updates mean you avoid immediate capital expenditures while enjoying lower maintenance costs. Your growth potential is substantial: the current owner has just introduced pickup and delivery services, positioning you to capture the expanding convenience market. Commercial accounts represent untapped revenue that could significantly boost your bottom line with minimal additional investment. The business model offers lifestyle flexibility - operate part-time while maintaining strong cash flow, perfect for investors seeking passive income or owner-operators wanting work-life balance. High customer demand in this established neighborhood provides revenue stability you can count on. Conventional financing available for qualified buyers with $600,000 down payment. Complete owner training ensures smooth transition and operational success. The seller requires 1031 exchange accommodation. This rare combination of established cash flow, growth potential, and real estate ownership creates a compelling investment opportunity in Chicago's competitive laundromat market. Proof of funds will be necessary to move forward with due diligence. Please do not visit the laundromat without an appointment unless you want to do your laundry but be discreet and do not say anything to anyone. Act now, email john@laundrybroker.com for more information. Time is of the Essence!
Laundry Broker / J. Vassiliades & Company