Hot Listing
Shutdown Laundromat Property in Wood River, IL!
Business Description
Sellers are willing to lease-purchase the Property for only 30% down! Bring less than $60,000 to the table!
High visibility corner location!
Building is 2,000 sq ft!
Property is 0.14 acres!
Building includes a second retail space! Huge potential to put in a game room!
License is possible because there is an outfitted kitchen without equipment and gaming license requires space to serve food!
Seller does not have up-to-date sales of the laundromat. A tenant stopped paying rent and has recently been evicted by property owners.
Median household income is $59k! Perfect location to start a game room or restaurant in the second space!
Average traffic count of 5,700 vehicles passing by the store each day!
Near universities like Lewis and Clark Community College with over 2,400 students, CALC, Institute of Technology, SIU School of Dental Medicine school, and Central Elementary School with over 363 students.
Near new housing development with a total of 146 units and apartment complexes like Metro Apartments at Wood River, Windham Terrace Apartments, Rocwood Ap, Township Village, and Emerald Ridge.
Close proximity to St Clare's Hospital and Alton Memorial Hospital and offices like Global Brass & Copper Inc., Wieland Group, 360 Roll Works, and Koch Nitrogen Co.
Only 30 min from St. Louis, MO! Only 1 h 20 min from Springfield, IL! 4 h 30 min from Chicago, IL!
Asking Price for the Business and Property is $199,000!
Lease Purchase Available for 30% down, 9% interest rate, and 25-year amortization! Only pay $1,336 NNN per month and contribute towards the Property remaining balance! Buyer will have to pay the remaining balance within 3 years from the Closing Date.
High visibility corner location!
Building is 2,000 sq ft!
Property is 0.14 acres!
Building includes a second retail space! Huge potential to put in a game room!
License is possible because there is an outfitted kitchen without equipment and gaming license requires space to serve food!
Seller does not have up-to-date sales of the laundromat. A tenant stopped paying rent and has recently been evicted by property owners.
Median household income is $59k! Perfect location to start a game room or restaurant in the second space!
Average traffic count of 5,700 vehicles passing by the store each day!
Near universities like Lewis and Clark Community College with over 2,400 students, CALC, Institute of Technology, SIU School of Dental Medicine school, and Central Elementary School with over 363 students.
Near new housing development with a total of 146 units and apartment complexes like Metro Apartments at Wood River, Windham Terrace Apartments, Rocwood Ap, Township Village, and Emerald Ridge.
Close proximity to St Clare's Hospital and Alton Memorial Hospital and offices like Global Brass & Copper Inc., Wieland Group, 360 Roll Works, and Koch Nitrogen Co.
Only 30 min from St. Louis, MO! Only 1 h 20 min from Springfield, IL! 4 h 30 min from Chicago, IL!
Asking Price for the Business and Property is $199,000!
Lease Purchase Available for 30% down, 9% interest rate, and 25-year amortization! Only pay $1,336 NNN per month and contribute towards the Property remaining balance! Buyer will have to pay the remaining balance within 3 years from the Closing Date.
About the Business
- Years in Operation
- 55
- Facilities & Assets
- Building is 2,000 sq ft!
Property is 0.14 acres! - Market Outlook / Competition
- Average traffic count of 5,700 vehicles passing by the store each day!
- Opportunities for Growth
- Space for Potential Video Game Room!
Real Estate
- Owned or Leased
- Owned
- Included in asking price
Listing Info
- ID
- 2323662
- Listing Views
- 10450
Listing ID: 2323662 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIllinois Businesses for SaleIllinois Personal Product & Service Businesses for SaleIllinois Coin Laundry & Laundromat Businesses for Sale