Laundromat Business + Property – Phoenix, IL

503-515 E 153rd St., |  Phoenix IL 60426

Laundromat Business + Strip Mall $1,450,000

• Constructed in 2008
• 8 units in the strip. 3 occupied by the laundromat and 5 separate units that are all occupied. 100% occupancy. 
• All tenants pay $1400 per month + utilities, tax (separate pins), maintenance 
• Each unit has own meters for utilities, air handlers, thermostats.
• Laundromat is 3500+ sq ft
• Equipment appraised at $350,000 in 2018
• In business for over 10 years. Owner looking to retire. 
• Oldest equipment is from 2009. Some has been replaced. 
• Can add income with drop-off service 
• Very clean, preventative maintenance on equipment owner takes great pride in his business  
• Only laundromat in the area with A/C so does very well in summer months

-OR-

Laundromat Business $350,000

For business, equipment, clientele. Rent will be $3500 a month. Occupies 3 units. Other tenants pay $1400 per month for their units which would be $4200 for the 3 units but will give a break and just charge $3500

• 3500+ sq ft
• Equipment appraised at $350,000 in 2018
• In business for over 10 years. Owner looking to retire. 
• Oldest equipment is from 2009. Some has been replaced. 
• Can add income with drop-off service 
• Very clean, preventative maintenance on equipment owner takes great pride in his business  
• Only laundromat in the area with A/C so does very well in summer months