Hot Listing

Shutdown Laundromat Property in Wood River, IL!

Asking Price$199,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$199,000
Included in asking price
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Hot Listing

Shutdown Laundromat Property in Wood River, IL!


Asking Price$199,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$199,000
Included in asking price
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.
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

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Business Listed by: Kavita Purohit River Brokers

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.